You're the owner of MTR Electrical Estimating. Right now, UNM is asking for electrical service bids for a new building on campus, which requires = 760 electrical fittings. You estimate your company's production function to be

(, ) = ^0.75 ^0.25

where is the number of electrical fittings, is labor measured in person hours, and is capital measured in machine hours. Your employees earn $45 per hour and the rental rate is $45 per machine hour. Determined your (i) cost-minimizing level of capital and labor to meet the production requirements and (ii) how much it will end up costing your company.