aravindk,
2ft x 4ft 1/4 inch acrylic for $87 seems expensive... my local hardware store (named Roush Hardware) sell 1/4 inch thick acrylic for $4.99 per square feet, meaning a 2x4 sheet would cost me $40. In addition, they will also custom cut them into any size I want, and I only pay for it by size... e.g. if I want a small 8 x 18 inch sheet, which happens to be 144 square inch (1 square feet), they will cut me a piece of 8x18 and only charge me $4.99.
On the same subject, I also just built myself a sump with 1/4 acrylic, much smaller then yours at 19x15x8 due to size limitation (see picture). I used less then 11 square feet of acrylic sheet which cost me $55 to built (plus half tube of Weld-On #16 and a little bit of Weld-On #4, which I already have).
Wallace