The management of International Cookware believes that delivery performance measures must be improved if the company is to maintain its competitive edge. The following data are considered to be typical of the time to complete orders.
• Process time: 4.0 days
• Wait time to the start of production: 15.0 days
• Move time: 3.0 days
• Inspection time: 2.0 days
• Wait time during the production process: 8.0 days
The manufacturing cycle efficiency is closest to: 
a. 12.5%
b. 76.4%
c. 87.5%
d. 23.6%