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 communications satellite. The government 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. Unit Produced Tibe Required to produce CX the Xth Unit 14,400 hours 8,640 hours 24,080 hours 1 2 4 8 16 Required: a. Compute the labor time required to produce 8 and 16 units b. Assume that labor time costs $100 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the ist unit? Complete this question by entering your answers in the tabs below. Required Required B Compute the labor time required to produce 8 and 16 units. (Round your answers to the nearest whole number) Time required to produce thund Time required to produce 1 unit hours hours Required B > Complete this question by entering your answers in the tabs below. Required A Required BN Assume that labor time costs $100 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the ist unit? (Do not round your intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (.e. 32.21) Percentage of cost of 10th unit to 1st unit cost