Method: Use the same formula: total bits / bitrate = time.
total bits = 8 inch * 300 dpi * 11 in * 300 dpi * 1 bit per pixel =
7,920,000 bits
or
total bits = 8 inch * 2400 dpi * 11 in * 2400 dpi * 1 bit per pixel =
506,880,000 bits
payload bit rate = 30,000 bps * .8 = 24,000 bps
time = 7,920,000 bits / 24,000 bps = 330 seconds
or
time = 506,880,000 bits / 24,000 bps = 21,120 seconds
10 minutes = 600 seconds, so we would choose the lower resolution.