Raypak 336A pressure relief valve

I just had a pool inspection in connection with the sale of my home. My Raypak heater needs a pressure relief valve installed. I have two questions:
1. How do I get the plastic plug out in order to thread the new PRV. It is a 1/2 inch square indented hole, what tool? see picture
2. The hole size looks to be 1", but the Raypak manual speaks about a 3/4 in threaded valve which is readily available in the hardware stores.
What size do you think is correct?
PRV.jpg
 
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