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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
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 (Click the icon to view additional information.) time that an ongoing debate ensued in the United States about the merits of a national minimum wage of $13 per hour for every worker. Requirements 1. What would the payback period be on a Good Food Fast robot used for food preparation? (Round to the nearest two decimal places.) 2. What qualitative factors would Good Food Fast 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 a Yummy Burger robot used for food preparation? (Round your answer to two decimal places.) Requirement 2. What qualitative factors would Yummy Burger need to consider when deciding whether to purchase robots to replace some of its food preparation workers? (Select only those that apply. If an input field is not used in the table, leave the input field empty; do not select a label.) Qualitative factors to consider include: The impact of replacing people with machines would have with customers. Requirement 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. Neither NPV or IRR are likely to be useful tools for analyzing this decision since the payback period is less than one year
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