Question 5 1 pts Pretend the benchmark cost in 1975 for the major equipment calculated in Question 4 was $1.500.000. The factor for Direct Material is 2.75. The project construction begins two years from now when the PPI index is forecast to be 128 compared to the benchmark date of 100? The regional factor for the plant site is 7% more than for the Gulf Coast (where the benchmark factors were created). What will be the estimated plant site cost for Direct Material only when the project construction begins two years from now? The answer format is rounded to XXXXXXX without the $ symbol