2 6 points Assume that Whee, Cheatham, and Howe is an auditing firm that has found that its summer interns are subject to a 60 percent learning curve for one of its important tasks, proofreading financial statements. For one of its interns, Kim Down, the firm has started to analyze the relation between time and financial statement proofreading Financial Statements Time Required to Proofread Proofread X1 the Xth Financial Statement 4.0000 hours 2.4000 hours 2 BOOK References Required: a. Compute the time required to proofread 4, 8, and 16 financial statements b. Assume that Kim's labor time costs $6 per hour. Compare the cost of proofreading the 1st financial statement to the cost of proofreading the 16th financial statement. What is the percentage of the cost of proofreading the 16th financial statement to the cost of proofreading the 1st financial statement? Complete this question by entering your answers in the tabs below. Required A Required B Compute the time required to proofread 4, 8, and 16 financial statements. (Round your answers to 4 decimal placet.) Time required for 4th financial statement Time required for th financial statement Time required for 160 financial statement hours hours hours