A material will float on the surface of a liquid if the material has a density less than that of the liquid. Given that the density of water is approximately $1.0 \mathrm{~g} / \mathrm{mL}$, will a block of material having a volume of $1.2 \times 10^{4} \mathrm{in}^{3}$ and weighing $350 \mathrm{lb}$ float or sink when placed in a reservoir of water?