Analyze the above case, provide calculations in an appendix, and the analysis must correlate concepts and problem-solving.

Instructions Norwegian Satellite Development Company (NSDC) Cost Estimates for World Satellite Telephone Exchange Project 8 sakellites individuaty NSDC has a contract to produce eight satellites to support a worldwide telephone system (for Alaska Telecom, Inc.) that allows in to use a single, portable telephone in any location on earth to call in and out.NSDC yvill develop and produce the eight units. NSDC estimated that the R\&D costs will be NOK (Norwegian Krone) 12,000,000 Material costs are expected to be NOK 6,000,000. Th.2Y estimated that the design and production of the first satellite will require 100,000 labor hours, and an 80 percent improvement cur rV expected. Skilled labor cost is NOK 300 per hour r all projects is 25 percent of total costs. 1. How many labor hours should the eighth satellite require? 2. How many labor hours for the whole project of eight satellites? 3. What price would you ask for the project? Why? 4. Midway through the project, your design and production people realize that a 75 percent improvement curve is more appropict What impact does this have on the project? 5. Near the end of the project, Deutsch Telefon AG requests a cost estimate for four satellites identical to those you have alreqd) produced. What price will you quote them? Justify your price