A variety of robots have been featured at the National Restaurant Show that can be used for a variety of tasks in restaurants. These robots were introduced at the same time that an ongoing debate ensued in the United States about the merits of a national minimum wage of $14 per hour for every worker 1. What would the payback period be on a Yummy Burger robot used for food preparation? (Round to the nearest two decimal places.) 2. What qualitative factors would Yummy Burger need to consider when deciding whether to purchase robots to replace some of its food preparation workers? 3. Given the payback period, would net present value (NPV) or internal rate of return (IRR) be likely to be useful tools for analyzing this decision? Support your response Requirement 1. What would the payback period be on Yummy Burger uted for food preparo Round your wer to decinal places) Payback years Requirement 2. What qualitative taders would Yun per need to conside when deciding whether to purchase to bolstereplacements food propwa wakan? Select only those that apply it was not tolerated the table the field ooty do not select a label Qualitative factors to consider include: Requinte pack period, would be sent value NPV or intermaltate of return (bely to be sols for analyzing this decision Support your response for anslag this decision since x 1 More Info A former Yummy Burger USA CEO, Lou Ferris, said that purchasing a $30,000 robotic arm would be cheaper than paying fast-food workers $14 per hour for food preparation tasks like bagging french fries. To test the former CEO's assertion using a hypothetical example, make the following assumptions: a. For the cost of the hourly workers, use a total wage rate of $17 per hour to reflect payroll taxes (the hourly wage rate used here is higher than $14 since payroll taxes can add 15% or more to the hourly wage rate). b. Assume that freight and installation for the robot's initial placement in a Yummy Burger restaurant will be a one-time cost of $4,800 c. The robot will require annual maintenance service. Assume an annual service contract is required that costs 10% of the original robot cost including the original freight/installation d. Assume that the robot will replace 7 employee hours per day 360 days per year (the robot will not at least initially be as versatile as a person and cannot fully eliminate all food prep workers at this point) e. Electricity and supplies consumed by the robot will be assumed to be $1.300 per year A variety of robots have been featured at the National Restaurant Show that can be used for a variety of tasks in restaurants. These robots were introduced at the same time that an ongoing debate ensued in the United States about the merits of a national minimum wage of $14 per hour for every worker 1. What would the payback period be on a Yummy Burger robot used for food preparation? (Round to the nearest two decimal places.) 2. What qualitative factors would Yummy Burger need to consider when deciding whether to purchase robots to replace some of its food preparation workers? 3. Given the payback period, would net present value (NPV) or internal rate of return (IRR) be likely to be useful tools for analyzing this decision? Support your response Requirement 1. What would the payback period be on Yummy Burger uted for food preparo Round your wer to decinal places) Payback years Requirement 2. What qualitative taders would Yun per need to conside when deciding whether to purchase to bolstereplacements food propwa wakan? Select only those that apply it was not tolerated the table the field ooty do not select a label Qualitative factors to consider include: Requinte pack period, would be sent value NPV or intermaltate of return (bely to be sols for analyzing this decision Support your response for anslag this decision since x 1 More Info A former Yummy Burger USA CEO, Lou Ferris, said that purchasing a $30,000 robotic arm would be cheaper than paying fast-food workers $14 per hour for food preparation tasks like bagging french fries. To test the former CEO's assertion using a hypothetical example, make the following assumptions: a. For the cost of the hourly workers, use a total wage rate of $17 per hour to reflect payroll taxes (the hourly wage rate used here is higher than $14 since payroll taxes can add 15% or more to the hourly wage rate). b. Assume that freight and installation for the robot's initial placement in a Yummy Burger restaurant will be a one-time cost of $4,800 c. The robot will require annual maintenance service. Assume an annual service contract is required that costs 10% of the original robot cost including the original freight/installation d. Assume that the robot will replace 7 employee hours per day 360 days per year (the robot will not at least initially be as versatile as a person and cannot fully eliminate all food prep workers at this point) e. Electricity and supplies consumed by the robot will be assumed to be $1.300 per year
