Faced with rising pressure for a $16 per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some farm workers. The Hired Hand 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: i(Click the icon to view the information.) Cost-Benefit Analysis Expected Benefits (Cost Savings): Total expected benefits Expected Costs: Total expected costs Net expected benefit (cost) ing buds of lettuce. By removing these weaker Assume the following facts: Requirement Perform a cost-benefit analysis for the first yea would be a financially viable investment if the answers to the nearest whole dollar.) - X Cost and Benefit Information One Hired Hand would do the work of 25 farm workers. 1. 2. Each farm worker typically works 60 hours on the lettuce thinning process each year 3. Each farm worker would earn $16 per hour plus 7.65 % payroll tax . 4. The Hired Hand is estimated to cost $10,000 plus $900 for delivery 5. Annual costs of operating the Hired Hand are expected to be $1,600. Done Print out fields and then continue to the next question. MacBook Pro