Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is avalilable for Second Chance. The company desires a $38 profit margin per hour of labor and a 24.00% profit margin on parts. It has budgeted for 7,900 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $416,000. Compute the material loading percentage. (Round answer to 3 decimal ploces, es. 10.501\%.) Material loading percentage eTextbook and Media Attempts: 0 of 4 used Using multiple attempts will impact your score. 25% score reduction after attempt 3 (c) The parts of this question must be completed in orden. This part will be available when you complete the part above