SQL Server 2017

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-- Input numbers
DECLARE
    @Executions float = 504,
    @Density float = 0.002267574,
    @IndexDataPages float = 201,
    @Cardinality float = 113443;

-- SQL Server cost model constants
DECLARE
    @SeqIO float = 0.000740740740741,
    @RandomIO float = 0.003125,
    @CPUbase float = 0.000157,
    @CPUrow float = 0.0000011;

-- Computation
DECLARE
    @IndexPages float = CEILING(@IndexDataPages * @Density),
    @Rows float = @Cardinality * @Density,
    @Rebinds float = @Executions - 1e0;

DECLARE
    @CPU float = @CPUbase + (@Rows * @CPUrow),
    @IO float = @RandomIO + (@SeqIO * (@IndexPages - 1e0)),
    -- sample with replacement
    @PSWR float = @IndexDataPages * (1e0 - POWER(1e0 - (1e0 / @IndexDataPages), @Rebinds));

-- Cost components (no rewinds)
DECLARE
    @InitialCost float = @RandomIO + @CPUbase + @CPUrow,
    @RebindCPU float = @Rebinds * (1e0 * @CPUbase + @CPUrow),
    @RebindIO float = (1e0 / @Rows) * ((@PSWR - 1e0) * @IO);

-- Result
SELECT 
    OpCost = @InitialCost + @RebindCPU + @RebindIO;

OpCost
0.0850383431009574