Shrewsbury Technologies, which manufactures high-technology instruments for spacecraft, is considering the sale of a navigational unit to a private company that wishes to launch its own communications satellite. The company plans to purchase 8 units, although it would also consider buying 16 units. Shrewsbury has started a chart relating labor time required to units produced: Unit Produced (X) 1 2 4 8 16 Time Required to Produce the Xth Unit 10,000 hours 7,000 hours 4,900 hours ? ? Required: a. Compute the labor time required to produce 8 and 16 units. b. Assume that labor time costs $145 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the 1st unit? Complete this question by entering your answers in the tabs below. Required A Required B Compute the labor time required to produce 8 and 16 units. Note: Round your answers to 1 decimal place. Time required to produce 8th unit Time required to produce 16th unit hours hours Complete this question by entering your answers in the tabs below. Required A Required B Assume that labor time costs $145 per hour. Compare the cost of producing the 1st unit to the cost of producing the 16th unit. What is the percentage of the cost of the 16th unit to the cost of the 1st unit? Note: Enter your answer as a percentage rounded to 2 decimal places (i.e., 32.21). Percentage of cost of 16th unit to 1st unit cost %