Marc is decorating 60 cupcakes for a school fund-raiser. He starts working at 1:00 P.M. In the afternoon, first setting up his supplies and then starting to decorate. At 1:05 P.M. He has 5 cupcakes decorated. At 1:08 P.M. He has 10 cupcakes decorated. If he decorates cupcakes at a constant rate, at what time that afternoon will he finish decorating the 60 cupcakes?