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Default Multiplying a column of data by a constant

I am budgeting costs for the upcoming year. There is a column of data that
corresponds to the employee's health insurance cost that is keyed in data
(not a formula). I want to multiply each cell in this column by 1.1 to
project a 10% increase in cost. Is there quick way to do this without
creating a new column and pasting over the original?
 
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