A turning operation is performed by a brazed-carbide-tip type. Assuming no- chipping usage conditions you can reground the tool 12 times. The cost of the tool is 240 Turkish Lira. The regrinding cost of the tool is 22 TL for each regrinding. The company purchased the lathe for 350,000 TL and is planning to use the lathe for 9 hr. per day, 6 days per week, 50 weeks per year. Its cost is to be amortized over 6 years, and the machine overheads are 120%. The operator's wage is 6500 TL/month, and operator overheads are 110%. The tool life can be predicted with Taylor's basic tool life equation with (n=0.26 and C=7.5) when the cutting speed is measured in m/s, and tool life is expressed in s. The tool-changing time is 3 min, and the handling time per component is 4 min. The cutting distance per component is 200 m. Calculate the: a. Minimum production cost, in Turkish Lira b. Minimum production time, in seconds