Refer to the table below. Gale Technologies is proposing to build a new component for sale to a private space exploration company. Engineers at the company expect a learning rate of 85 percent. The first unit is expected to take 200 labor hours. Labor at Gale is paid $60 per hour. The 85 percent learning rate coefficient is 0.23447 (rounded); that is b = 0.23447 in the formula Y = aX^b.

Required:

Using the formula, Y = aX^b, recompute the labor time and costs for the first eight units with the new learning rate, hours for the first unit, and the hourly labor cost.

Note: Do not round your intermediate calculations. Round Time to Build Unit X, Cumulative Time to 3 decimal places and Total Cost, Average Cost to 2 decimal places.

unit (x)	time to build unit X	cumulative time	total cost	average cost
1
2
3
4
5
6
7
8