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Business, 02.04.2021 19:30 stroziercameron

Suppose that you are assigning costs to a major project to be undertaken this year by your firm, DynoSoft Applications. One particular coding process involves many labor-hours, but highly redundant work. You anticipate a total of 200,000 labor-hours to complete the first iteration of the coding and a learning curve rate of 70% . You are attempting to estimate the cost of the twentieth (steady state) iteration of this coding sequence. Based on this information and a $60 per hour labor rate, what would you expect to budget as

a. The cost of the twentieth iteration?
b. The cost of the fortieth iteration?

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