A container, opened from the top and made up of a metal sheet, is in the form of a frustum of a cone of height 16 cm with radii of its lower and upper ends as 8 cm and 20 cm, respectively. Find the cost of the milk which can completely fill the container, at the rate of ` 20 per litre. Also find the cost of metal sheet used to make the container, if it costs ` 8 per 100 cm2. (Take π = 3.14)