Suppose that a proposed government irrigation project lowers the marginal cost of producing food and thereby lowers the market price of food. If the market demand for food is given by the estimated inverse demand equation P = 3 - 0.2Q, where P is a food price index and Q is the quantity of food measured in millions of pounds per year, and the irrigation project reduces the price from 1.4 to 1.2, compute the benefit of the project reducing food prices that must be included in the cost-benefit study.