Kate and Will manufacture baby carriages. Each new employee takes 5 hours to make the first carriage. He is paid $22 per hour. The manufacturing overhead charge per hour is $20. The baby carriage material costs $70 per unit. What is the total time needed to build the new employees first 16 baby carriages using a 90% cumulative average-time learning curve model? (For a 90% cumulative average learning curve, b = -0.152004.) Group of answer choices 111.848 hours 52.488 hours $4,480 $3,324.50