Assume that General Dynamics, which manufactures high-technology instruments for spacecraft, is considering the sale of a navigational unit to a government agency in India that wishes to launch its own satellite. The govemment agency plans to purchase 8 units, although it would also consider buying 16 units. General Dynamics has started a chart relating labor time required to units produced. Time Required to Produce the Xth Unit Unit Produced (x) 12.000 hours 7.200 hours 4.320 hours 16 Required: a. Compute the labor time required to produce 8 and 16 units. (Round your answers to the nearest whole number.) Time Required to produce Sth unit Time Required to produce 16th unit b. Assume that labor time costs $100 per hour. Compare the cost of pr your intermediate calculations. Enter your answer as a percentage the 1st unit to the cost of the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the 1st unit? (Do not round to 2 decimal places (i.e., 32.21)) 16th unit to 1st unit