Consider the following process model. Each task is annotated with its average processing time. Make sure you show the calculation steps. 1. Calculate the Theoretical Cycle Time (TCT) of this process. (8 marks) 2. Let us assume that the cycle time of this process is 2 business days. (16 hours) What is the Cycle Time Efficiency (CTE) of this process? (2 marks) 3. Based on the Cycle Time Efficiency, is there a room for improving cycle time? Explain. (2 marks)