Your company operates a furnace, in which iron is removed from its oxide by the following reaction at 1200 K and 1 bar. Fe2O3 (s) + 3 CO (g) 2 Fe (s) + 3 CO2 (g) Measurements of the existing reactor system indicate that for a stoichiometric feed of Fe2O3 and CO, 20% of CO leaves the furnace unreacted. One of your engineer colleagues suggests that the conversion of CO might increase if the reactants are kept in the furnace for longer time. Do you think this suggestion would work? Base your answers on quantitative arguments. Data: Assume enthalpy of reaction does not depend on temperature. For Fe2O3, the heat of formation is -824.25 kJ/mol, the Gibbs free energy of formation is -742.29 kJ/mol.