2 6 points Assume thot Whee, Cheatham, and Howe is an auditing firm that has found that its summer inters 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 Tinancial Statements Time Required to proofread Proofread() the Xth Tinancial Statement 1 4.0000 hours 2 2.4000 hours Bence 16 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 Required Compute the time required to proofread 4, 8, and 16 Pinancial statements, (Round your answers to 4 decimal places.) Time required for 4th financial statement Time required for en financial statement Time required for 16th inancial statement hours hours hours