Best Ink produces printers for personal computers. The following information is available for production of a recent order of $500$ printers.

Process time $16$ hours

Inspection time $3$ hours

Move time $9$ hours

Wait time $22$ hours

$1.$ Compute cycle time.

$2.$ Compute cycle efficiency.

$3.$ Management believes it can reduce inspection time by $2$ hours and wait time by $8$ hours by adopting lean manufacturing techniques. Compute cycle efficiency assuming the predictions are correct.