Bizco is planning a project to develop a new marketing campaign. The project will require 125 hours from a Marketing Analyst 1 and 150 hours from a Marketing Analyst 2. The direct cost rates for these job functions are $40 for an Analyst 1 and $60 for an Analyst 2. The company applies a 40% overhead rate to all jobs to account for SG&A costs. What is the total cost estimate for the project?