Ok, I've looked at Bear Republic's site and here's what it says about their Racer 5:
Racer 5 - This is a hoppy IPA. Did I say hops? Your brewer is a hop head! This is a full bodied beer using American grains. The goal was to create a base for showing off the unique floral qualities of two Pacific Northwest hops, Columbus and Cascade. Columbus is a new hybrid High Alpha Acid hop used mostly for bittering, but used heavily as an aromatic in this strong brew. Cascade is the balance that ties the malt and bittering hops together. It is a true specialty ale and is our brewer's statement on this style.
og 1.070, ABV 7.0%, IBU 69
When I run the numbers for a 5.5 gallon batch with the recipe above I get some weird numbers. However, if I make the following modifications it pencils out and looks about right for an IPA...maybe some more experienced AG brewers can help too. I get the following numbers for the revised recipe @ 75% efficiency:
OG: 1.072
Color: 7.0 (still very light, and on the lower end of the scale for an IPA)
IBU: 65.8
ABV: 7.0%
Racer 5 IPA Clone - 5.5 gallon batch
11.25 lbs 2-row Pale Malt
1.66 lbs Wheat Malt
0.625 lbs Crystal Malt 40L (maybe swap out for 1# of 60L?)
0.42 lbs Dextrose
0.21 lbs CaraPils Malt
1.25 oz Chinook(13%) 90 min
1.00 oz Cascade(6%) 60 min
0.3 oz Amarillo dry hop
0.3 oz Centennial dry hop
0.2 oz Cascade dry hop
0.2 Tomahawk dry hop
Wyeast 1272 American Ale II or
White Labs WLP051 California V
Mash in @ 145 then raise to 152 until conversion
Boil for 90 min
Extract: Replace all but 1 lb of the Pale malt with 4.25 lbs of DME
Steep grains for 45 min @ 152