Elon Corporation manufacturers parts for an aircraft company. It uses a computerized numerical controlled (CNC) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of 0.024 inch. The CNC process that manufactures these parts has a mean of 1.281 inches and a standard deviation of 0.008 inch. Compute the process capability ration and process capability index, and comment on the overall capability of the process to meet the design specifications.