Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes $1,000$ tires per day with the following

abor: $,425$ hours per day @ $$12\mathrm{.}50$ per hour

aw Material: $,21,000$ pounds per day @ $$1\mathrm{.}50$ per pound

nergy: $,$$$5,000$ per day

apital: $,$$$10,250$ per day

por productivity per labor hour for these tires $=2\mathrm{.}35$ tires$/$labor hour $($round your response to two decimal places$).$

altifactor productivity for these tires $=0\mathrm{.}0192$ tires$/$dollar $($round your response to four decimal places$).$

e percent change in multifactor productivity if Fok can reduce the energy bill by $$950$ per day without cutting production or entage rounded to two decimal places$).$

: calculate the new multifactor productivity to four decimal places before calculating the percentage change.