You are assisting a project manager who is building a brand new data centre for Seneca College. Project manager asked you to estimate the costs for the foundation. You have the following data: 30 cubic yards (CY) of soil to be removed, 2,450 pounds of steel rebar to be installed, and 20 CY of concrete to be placed. Soil removal costs $50/CY, steel rebar costs $2.50/pound installed; and concrete costs $350/CY placed. Calculate how much the foundation will cost, using the parametric estimating method