Faced with rising pressure for a $17 per hour minimum wage rate, the faming industry is ourently exploring the possible While the Leftuce Tech tself may be in workable condition for up to five year, assume that the farm would view its use of robotios to replace some farm workers. The Letuce Tech is one such robot job is to thin out a feld of lettuce, implementation as a one-year experiment. removing the least promising buds of lettuce. By removing these weaker piants, the stronger letuce plants have more room to grow. Assume the fulowing facts: Click the icon to view the inffomation.) Requirement Perform a cost-beneft analysis for the first year of implementation to determine whether the Lettuce Tech would be a francially viable investment if the minimum wage is raised to $17 per hour. (Round your arewers to the rearest whole Cost-Benefit Analysis Expected Benefts (Cost Savings: Total expected benefts Expected Costs: Total expected oosts e ppada N dollar.) i Cost and Benefit Information 1. One Lettuce Tech would do the work of 15 farm workers. 2. Each farm worker typically works 45 hours on the lettuce thinning process each year. 3. Each farm worker would earn $17 per hour plus 7.65% payroll tax. 4. The Lettuce Tech is estimated to cost $10,000 plus $850 for delivery. 5. Annual costs of operating the Lettuce Tech are expected to be $1,000. Print Done