Faced with rising pressure for a $$11$ per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some farm workers. The Produce Bot is one such robot, its job is to thin out a field of lettuce, removing the least promising buds of lettuce. By removing these weaker plants, the stronger lettuce plants have more room to grow. Assume the following facts

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While the Produce Bot itself may be in workable condition for up to five years, assume that the farm would view its implementation as a one$-$year experiment

Requirement

Perform a cost$-$benefit analysis for the first year of implementation to determine whether the Produce Bot would be a financially viable investment if the minimum wage is raised to $$11$ per hour. $($Round your answers to the nearest whole dollar.$)$

Cost$-$Benefit Analysis

Expected Benefits $($Cost Savings$)$:

$$

Total expected benefits

Expected Costs: $$

$$

$$

Total expected costs

Net expected benefit $($cost$)$