Test clip runtime: 00:01:52
Encoding time with given parameters: 00:22:33
=> about 12 minutes for each minute on my G4/867

Ghost World runtime: 111 minutes (source: IMDb)
That would take 1341 minutes (22.3 hours) encoding time on my machine

Your processor is 1.48 times faster than mine.
That would take 15.14 hours (15:08:16) on your machine