You are the production manager of a machinery company and in charge of the production of a new lathe. The time that took to produce the very first lathe is exactly 100 hours. Sales projections for the new lathe are on hand now and the marketing department estimates the company will sell at least 1.000 units of the new lathe. Traditionally, the learning rate for the company is estimated to be around 75 percent. What would be the time required to produce the 1.000th lathe?