A steam power plant operating on a regenerative cycle, as illustrated in Fig. 8.5, includes just one feedwater heater. Steam enters the turbine at 4500 kPa and 773.15 K (500°C) and exhausts at 20 Wa. Steam for the feedwater heater is extracted from the turbine at 350 kPa, and in condensing raises the temperature of the feedwater to within 6 K (6°C) of its condensation temperature at 350 kPa. If the turbine and pump efficiencies are both 0.78, what is the thermal efficiency of the cycle and what fraction of the steam entering the turbine is extracted for the feedwater heater?