Answer: The pressure at point 2 is approximately 10.000399 psi.
Step-by-step explanation:
1. Convert the flow rate to cubic feet per second (cfs).
2. Calculate the cross-sectional area at point 1.
3. Use the continuity equation to find the velocity at point 1.
4. Calculate the density of the fluid based on its specific gravity.
5. Apply Bernoulli's equation to find the pressure at point 2.
6. The pressure at point 2 is approximately 10.000399 psi.