A multi-component system is expected to have an equipment cost of $400,000, including delivery and installation. The cost factors for the components are provided in table below. If indirect costs are expressed as a factor of the cost of equipment, the estimated total cost of the system is nearest what value? Components Cost factor Concrete 0.85 Sheet Metal 0.46 Construction 1.20 Indirect labor 0.55 Other indirect costs 0.42 $1,404,000 $1,792,000 $1,392,000 $388,000