The requirements for 1.2 Communication completed have been agreed to, and you now have to come up with a cost estimate. Your team has determined the following quantity estimates, and you have good historical rates from previous projects. Activity Travel (per city) Quantity 6 Rate $ 3,000 $ Staff (hours) 100 50 Facilities (per city) 6 $ 500 Gifts for Attendees (per attendee) 100 $ 10 Presentation preparation (per city) 6 $ 200 Also, there are overheads. For the whole project, there is a 20% overhead to be added to the estimate. Additionally, based on experience you should add 10% for the event-related activities. Exercise Requirements What is your estimate? Why is the estimate different from the $25,000 In-person cost estimate used Exercise 2 for the selection of the communication alternatives? Should you be concerned about the difference?