You want to estimate the test effort for the new project using estimation based on ratios. You calculate the test-to-development effort ratio using averaged data for both development effort and test effort from four historical projects similar to the new one. The table shows this historical data. Project Development effort Test effort ($) ($) P1 800,000 40,000 P2 1,200,000 130,000 P3 600,000 70,000 P4 1,000,000 120,000 The estimated development effort for the new project is $800,000. What is your estimate of the test effort in this project?