A variety of robots have been featured at the National Restaurant Show that can be used for a variety of tasis in restourants. These robots were infroduced at the same time that an ongoing debate ensued in the United States about the merits of a nabional minimum wage of $12 per hour for every worker. (Click the icon to vew additional information) Road the requirements Requirement 1, What would the payback period be on a Yummy Burger robot used for food preparation? (Round your arower to two decimul placea) ==Poybackperiodyears More info A former Yummy Burger USA CEO, Joe Smith, said that purchasing a $32,000 robotic arm would be cheaper than paying fast:food workers $12 per hour for food peeparation tasks the bagging french fries. To test the former CEO's assertion using a hypothetical example, mate the following assumptons: a. For the cost of the hourly workers, use a fotal wage rate of $14 per hour to reflect payroll taxes (the hourly wage rate used here is higher than $12 since payroll taxes can add 15% or more to the hourty wage rate). b. Assume that freight and installason for the robots initial placement in a Yummy Burger restaurant will be a one-tme cost of $5,200. c. The robot wal require annual maintenance service. Assume an annual service contract is required that costs 20% of the orginal robot cost including the original freightinstallation. d. Assume that the robot will replace 11 empioyoe hours per day, 360 days per yoar (the robot wit not, at least initaly, be as versatie as a person and cannot fily eliminale all food prep workers ot tha point). C. Electricty and supplies consumed by the robot will be assumed to be $1,100 per year