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The problem is that eqn. (1) grossly underestimates Rm, which is precisely the wrong direction for capacity planning scenarios. For that purpose, it's generally better to overestimate performance metrics. That's too bad because it would be a handy Guerrilla-style formula if it did work. You would be able do the calculation in your head and impress everyone on your team (not to mention performing it as a party trick).
Given that eqn. (1) is a poor estimator, you might wonder if there's a better one, and if you'd been working for Thomas Edison he would have told you: "There's a better wsy. Find it!" Easy for him to say. But if you did decide to take up Edison's challenge, how would you even begin to search for such a thing?