Waymouth Manufacturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variety of electronics products and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth, which has developed a number of measures of manufacturing speed. Waymouth has studied the matter and found that competitive contract manufacturers have manufacturing cycle times (MCE) of about 38%. When last calculated, Waymouth's MCE was 33%. Key measures from the recent month's production, averaged over all the jobs during that period, are as follows: Average Time Activity (hours ) New product development 26.0 Materials handling 1.0 Order setup 5.0 Machine maintenance 2.0 Order scheduling 15.0 Inspection of completed order 1 . 5 Pack and move to storage or ship 1.0 Manufacturing assembly 5.0 Order taking and checking 1.0 Receiving and stocking raw materials 1. 5 Inspection of raw materials at start of production 0 .5 Required: Determine the manufacturing cycle efficiency (MCE) for the recent month. (Round your answer to 1 decimal place.) Manufacturing cycle efficiency (MCE) %%