Above "ball-parks" sound about close... But
Two ways to do it...
1. Pull prop. Remove set screws. Press out bearing. Press in bearing. Install prop.
2. Pull prop. Pull shaft. Remove set screws. Pull bearing. Inspect shaft for wear at bearing interface. Inspect bearing bore for damage. Install new bearing. Install shaft. Install prop.
Obviously number 2 is going to be way more expensive in labor, but on a 14 year old vessel that probably has never had the cutlass bearing looked at?
Would be my choice.
Buddy of mine has come up with a slick way for commercial
boats that wear em out on a regular basis. Not practical for a one off but maybe useful for someone.