Millenium Corporation, a consulting company, received contracts to develop four MIS applications using Java. The first project took 2,000 labor hours and $350,000 in prototype costs. The second contract took 1,500 labor hours and $300,000 in prototype costs. The third contract took 1,450 labor hours and $280,000 in prototype costs and the fourth contract took 1,270 labor hours and $265,000 in prototype costs. The corporation has to bid for 12 Java applications. What should its estimated labor time and prototype costs be?