Waymouth Manufocturing operates a contract manufacturing plant located in Dublin, Ireland. The plant provides a variefy of electronics products and components to consumer goods manufacturers around the world. Cycle time is a critical success factor for Waymouth, which has developed o number of measures of manufacturing speed. Waymouth has studied the matter and found that competitive contract manufacturers have manufacturing cycle times (MCE) of about 37%. When last calculated. Waymouth's MCE was 34%. Key measures from the recent month's production, averaged over all the jobs during that petiod, are as follows: Required: Determine the manufacturing cycle efficiency (MCE) for the recent month. (Round your answer to 1 decimal place (i.e. 123 = 12.3%6) )