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Red face Help decipher this code PLEASE!!!

Hi All,
So I'm new to this forum, but it looks really helpfull. I am pretty good at excel, not awesome but I get by. However i am working with a sheet that someone eles has set up and i'm having issues figuring out something. So I am hoping and crossing my fingers that someone can explain this formula to me in layman's terms, I need to adjust it, but have to know what it means first lol. HELP PLEASE!!!


=(C6/(C3*9)) * 1.05

this is supposed to help calculate how many employees we need to meet our work load based on utilization and effenciency. Laborers Needed @ 90% Utilization (includes 6% PTO).
 
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