A workpiece in the form of a bar 100 mm in diameter is to be turned down to 70 mm diameter for 50 mm of its length. A roughing cut using maximum power and a depth of cut of 12 mm is to be followed by a finishing cut using a feed of 0.1 mm and a cutting speed of 1.5 m/s. It takes 20 s to load and unload the workpiece and 30 s to set the cutting conditions, set the tool at the beginning of the cut and engage the feed. The specific cutting energy for the material is 2.3 GJ/m3 and the lathe has a 3-kW motor and a 70 percent efficiency. Estimate: