$1.2 million seems so low of a dollar amount, for an multi year effort. Isn't that just like... 1 engineer's salary? $150k/year, 1.5x multiplier to account for

$1.2 million seems so low of a dollar amount, for an multi year effort. Isn't that just like... 1 engineer's salary? $150k/year, 1.5x multiplier to account for benefits and other expenses of hiring somebody.