Homework: CH12 Save Score: 0.5 of 4 pts 8 of 8 (8 complete) HW Score: 45.89%, 13.77 of 30 pts Question 8, E 12-34A (similar to) Question Help A variety of robots were featured at the 2016 National Restaurant Show that could be used for a variety of taski restaurants. These robots were introduced at the same time that an ongcin More Info debate ensued in the United Sla the merits of a national minimum wage af $10 per hour for every worker A forrmer Yumimy Burger USA CEO, Carl Robson, said that purchasing Requirement 1. What would the payback period be on a Yummy Burger robot used for food preparation? (Ro a $39,000 robotic arm would be cheaper than paying fast-food workers $10 per hour for food preparation tasks lke bagging French fries. Initial investment Expected annual net cash infiow Payback period To test the former CEO's assertion using a hypothetical example, make the following assumptons: a. For the cost of the hourly workers, use a total wage rate of $12 per hour to retlect payroll taxes (the hourly wage rate used here is higher than $10 since payroll taxes can add 15% or more to the b. Assume that freight and installation for the robot's initial placement in a Yummy Burger restaurant wll be a one-time cost of $4,500. c. The robot will require annual maintenance service. Assume an annual service contract is required that costs 5% of the original robot cost including the criginal freightinstallation. d. Assume that the robot wll replace 15 emp oyee hours per day, 360 days per year (the robot will nct, at least initially, be as versatle as a person and cannot fully eliminate all food prep workers at this point e. Electricity and supplies consumed by the robot will be assumed to be $1,400 per year