Mr. Wells runs a telecommunications company. While going through the company's project records, he found that there were 8 engineers under every team leader and 5 project managers for every 50 engineers. Mr. Wells currently employs 15 team leaders.

How many project managers are employed by Mr. Wells?
A. 12 project managers
B. 24 project managers
C. 32 project managers
D. 16 project managers

Since there are 8 engineers for every team leader, there are 8 * 15 = <<8*15=120>>120 engineers employed by Mr. Wells.

Since there are 5 project managers for every 50 engineers, there are 120 / 50 = <<120/50=2.4>>2.4 sets of 5 project managers.
The number of project managers employed by Mr. Wells is 2 sets * 5 project managers/set = <<2*5=10>>10 project managers.
The correct answer is not given in the options, as 10 project managers are employed by Mr. Wells.