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correct incorrect answers Faced with rising pressure for a $12 per hour minimum wage rate, the farming industry is currently exploring the possible use of

correct incorrect answers
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Faced with rising pressure for a $12 per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some farm workers. The Lettuce Tech is one such robot; its job is to thin out a field of lettuce, removing the least promising buds of lettuce. By removing these woaker plants, the stronger iottuce plants have mote room to grow. Assume the following facts: (1. (Click the icon to view the information.) While the Lettuce Tech itself may be in workatle condicion for up to five years, assurne that the farm would view its implemantation as a one-year experiment. Requirement Perform a cost-benefit analysis for the first year of implementation to determine whether the Lettuce Tech would be a financlaly viable investment if the minimum wage is raised to $12 per hour, (Round your answers to the nearest whole dollar.) ressure for a \$12 per hour minimum wage rate, the farming y exploring the possible use of robotics to replace some farm ien.Techis.one. such mohot its soh is to thin outa field of lattuen. While the Lettuce Tech itself may be in wodkatile condition for up to five years, assume that the farm would vew its implementasion as a onowpar manniment. Cost and Benefit Information 1. One Lettuce Tech would do the work of 25 farm workers. 2. Each farm worker typically works 60 hours on the lettuce thinning process each year. 3. Each farm worker would eam $12 per hour plus 7.65% payroll tax. 4. The Lettuce Tech is estimated to cost $10,000 plus $800 for delivery. 5. Annual costs of operating the Lettuce Tech are expected to be $1,800. fit analysis for the first year of implementation to he Lettuce Tech would be a financially viable pimum wage is raised to $12 per hour, (Round your ost whole dollar.) Faced with rising pressure for a $12 per hour minimum wage rate, the farming

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