A small mortgage lender has one receptionist, four loan officers, and two office managers. When applicants apply for a new loan in person, they first fill out paperwork with the receptionist. Then the applicants meet with one of the loan officers to discuss their needs. The loan officer spends additional time processing the application after the applicants leave the office. Finally, the application must be reviewed by an office manager before it can be approved. The following table lists the processing times at each stage. The office is open for 8 hours per day, 5 days per week.

Please explain your steps and answer clearly.

\begin{tabular}{|l|c|c|} Resource & Staffing(NumberofEmployees) & ProcessingTime(HoursperLoan) \\ \hline Receptionist & 1 & 1 \\ \hline Loan officers & 4 & 7 \\ \hline Office managers & 2 & 4 \\ \hline \end{tabular} d. If customer demand is 18 loans per week, what is the cycle time (hours) of the process? hours e. If customer demand is 24 loans per week, what is percent f. If customer demand is 24 loans per week, what is the cycle time (hours) of the process? hours