Faced with sing pressure for a $12 per hour minimum wage rate the farming industry is currently exploring the possible use of While the Hired Hand itself may be in workable condition for up to five years assume that the farm would view its implementation robotics to replace some farm workers The Hired Hand is one such robotits job is to thin out a field of lettuce removing the least as a one-year experiment promising buds of lettuce. By removing these weaker plants, the stronger lettuce plants have more room to grow. Assume the following facts: Requirement (Click the icon to view the information) Perform a cost benefit analysis for the first year of implementation to determine whether the Hired Hand would be a financially viable investment if the minimum wage is raised to S12 per hour. (Round your answers to the nearest whole dollar.) Cost-Benefit Analysis Expected Benefits (Cost Savings): Cost and Benefit Information - X Total expected benefits Expected Costs: 1. One Hired Hand would do the work of 25 farm workers 2. Each farm worker typically works 50 hours on the lettuce thinning process each year. 3. Each farm worker would earn $12 per hour plus 7.65% payroll tax 4. The Hired Hand is estimated to cost $10,000 plus $100 for delivery. 5. Annual costs of operating the Hired Hand are expected to be $1,400 Total expected costs Print Done Net expected benefit (cost) Choose from any list or enter any number in the input fields and then continue to the next