Yacht Superior manufactures boats for a yacht rental firm. They are in negotiation for the total price for 50 Model C314 yachts. Based on past experience, the learning rate for their employees and system is 75 percent and they estimate the first unit will require 2,750 labor hours. Use the Learning Curve Excel template to determine how long the fiftieth unit will take and what is the cumulative average time for the fiftieth unit. How can this learning-curve information help Yacht Superior plan labor, equipment, and facility capacity, and help price the total contract?