Problem 2. (Determining Cutting Speeds in Machining Economics) A turning operation is performed with HSS tooling on mild steel, with Taylor tool life parameters n = 0.12, C = 60 m/min. Work part length = 450 mm and diameter = 80 mm. Feed = 0.20 mm/rev. Handling time per piece = 4.0 min, and tool change time = 1.5 min. Cost of machine and operator = $27/hr, and tooling cost = $2 per cutting edge. Find the a. cutting speed for maximum production rate and b. cutting speed for minimum cost Problem 3. (Production Rate and Cost in Machining Economics) For the two cutting speeds computed in problem 2, determine: a. the hourly production rate and b. the cost per piece.