I can't take credit for this it has been ripped from another site but it is worthy of posting. I built one about double the length of the one below and found it to be very effective. I also attached it directly to a bathroom fan unit so it is inside of the grow room not hooked to the exhaust.
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Im sure this works well but roll of screen is about $8 filter is about $20 both ends are about $15 for end cap and reducer. and about $5 if you dont have duct tape already. if you can afford the $40-50 for this go the extra $20 and get a real one. HTGsupply.com has about cheapest ive seen.