Assume that General Dynamics, which manufactures high-technology instruments for spacecraft, is considering the sale of a navigational unit to a government agency in India that wishes to launch its own communications satellite. The government agency plans to purchase 8 units, although it would also consider buying 16 units. General Dynamics has started a chart relating labor time required to units produced Time Required to Unit Produced (X) Produce the Xth Unit 10,000 hours 8,000 hours 6,400 hours 16 Required a. Compute the labor time required to produce 8 and 16 units. Time required to produce 8th unit Time required to produce 16th unit hours hours b. Assume that labor time costs $125 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the 1st unit? (Enter your answer as a percentage rounded to 2 decimal places (i.e., 32.21)) rcentage of cost of 16th unit to 1st unit cost