Question $3$

$\frac{0}{2}$ points

Instead of just looking at labor productivity, the leadership team at Novelis wants to fully evaluate the new process as the equipment required to support an increased output of $1000$ aluminum sheets per day will require a substantial upfront cost. The various expected costs to the company to support the new process are as follows. What is the multi$-$factor productivity of the new process? Go to three decimal places.

Labor: $160$ hours per day @$$15\mathrm{.}00$ per hour

Raw material: $20,000$ pounds of aluminum per day @ $$1$ per pound

Energy: $$2,000$ per day

Capital Costs: $$4,000$ per day