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 513 per hour for every worker. (Click the icon to view additional information) Read the More Info Requirement 1. What would the payback period be on a Burger World robot used for food preparation? (Round your answer to two decimal places Payback period years Requirement 2. What qualitative factors would Burger World need to consider when deciding whether to purchase robots to replace some of its fod not select a label the table Qualitative factors to consider include: A former Burger World USA CEO, Ted Connor, said that purchasing a $31000 robotic arm would be cheaper than paying fast-food workers 513 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 515 per hour to reflect payroll taxes (the hourly wage rate used here is higher than 513 since payroll taxes can add 15% or more to the hourly wage rate) b. Assume that freight and installation for the robots initial placement in a Burger World restaurant will be a one-time cost of $4.900 c. The robot will require annual maintenance service. Assume an annual service contract is required that costs 5% of the original robot cost including the original freighinstallation d. Assume that the robot will replace 11 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 51 800 per year Requirement 3. Given the payback period, would not present value (NPV) or internal rate of return (IRR) bekely to be useful tools for analyzing th for analyzing this decision since Print Done 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 513 per hour for every worker. (Click the icon to view additional information) Read the More Info Requirement 1. What would the payback period be on a Burger World robot used for food preparation? (Round your answer to two decimal places Payback period years Requirement 2. What qualitative factors would Burger World need to consider when deciding whether to purchase robots to replace some of its fod not select a label the table Qualitative factors to consider include: A former Burger World USA CEO, Ted Connor, said that purchasing a $31000 robotic arm would be cheaper than paying fast-food workers 513 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 515 per hour to reflect payroll taxes (the hourly wage rate used here is higher than 513 since payroll taxes can add 15% or more to the hourly wage rate) b. Assume that freight and installation for the robots initial placement in a Burger World restaurant will be a one-time cost of $4.900 c. The robot will require annual maintenance service. Assume an annual service contract is required that costs 5% of the original robot cost including the original freighinstallation d. Assume that the robot will replace 11 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 51 800 per year Requirement 3. Given the payback period, would not present value (NPV) or internal rate of return (IRR) bekely to be useful tools for analyzing th for analyzing this decision since Print Done