Victor, a project manager, is constructing a budget for a project to construct a house. He estimates that the materials will cost $100,000 and the project will require 15 people working 8 hours a day for one month to ensure timely completion. He estimates the cost of labor at $15 per hour. Additional costs, safety equipment, and overheads are marked at a rate of 60 percent of direct labor. In this scenario, the total cost of the project will be _____.

$120,000

$119,200

$130,720

$110,510

$102,025