Waterway Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Waterway. The company desires a $35 profit margin per hour of labor and a 30.00% profit margin on parts. It has budgeted for 7,800 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $392,000. Crane Corporation has requested an estimate to rebuild its spot welder. Waterway estimates that it would require 36 hours of labor and \$3,200 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, e.g. 10.50.) Total estimated bill