any location on earth to call in and out. NSDC will develop and produce the 8 units. NSDC has estimated that the R&D costs will be CAD (Canadian Dollars) 12,000,000. Material costs are expected to be CAD 6,000,000. They have estimated the design and production of the first satellite will require 100,000 labor hours and a(n) 80 percent improvement curve is expected. Skilled labor cost is CAD 300 per hour. Desired profit for all projects is 25 percent of total costs.

a) How many labour hours should satellite number 7 required. Rough work must be shown on your rough work sheet.. (3 marks)

b) How many labour hours would be required for the whole project of 8 satellitesRough work must be shown on your rough work sheet.. (3 marks)

c) What price should you ask for the project ? Rough work must be shown on your rough work sheet. (4 marks