Homework: Chapter 1 Homework Score: 0 of 5 pts 5 of 6 (5 complete HW Score: 75%, 15 of IE Question Help E1-15A (similar to) Faced with rising pressure for a $12 per hour minimum wage rule, the farming industry is currently exploring the possible use of robotics to replace some farm workers. The Helping Hand is one such robota job is to thin out a Field of lotto, 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 (Click the loon to view the information) While the Hoping Hand its may be in workable condition for up to five years, sume that the form would vi Implementation as a one your experiment. Requirement Perform a cost-benefit analysis for the first year of implementation to determine whether the Helping Handw a financially viable invent the minimum wage is raised to $12 per hour. (Round your wer to the ne whole dollar) Cost-Benefit Analysis Expected Benefits (Cost Savings): Cost and Bernt information Total expected benefits Expected Costs: 1. One Helping Hand would do the work of 20 farm workers. 2. Each farm worker typicaly works 45 hours on the lettuce Winning process 3. Each farm worker would com 12 per hour plus 7.65% payroll tax. 4 The Helping Hand is estimated to cost $6,000 plus $550 for delivery. 8. Annual costs of operating the Helping Hand are expected to be $2,000. Total expected costs et expected benefit (est) Print Done ose from any list or enter any number in the input fields and then click Check Answer. arts showing Clear All Check Answer 20 - C