i More Info X A former Fries Plus USA CEO, Chris Weber, said that purchasing a $31,000 robotic arm would be cheaper than paying fast-food workers $14 per hour for food preparation tasks like bagging french fries. To test the former CEO's assertion using a hypothetical example, make the following assumptions: a. For the cost of the hourly workers, use a total wage rate of $17 per hour to reflect payroll taxes (the hourly wage rate used here is higher than $14 since payroll taxes can add 15% or more to the hourly wage rate). b. Assume that freight and installation for the robot's initial placement in a Fries Plus restaurant will be a one-time cost of $5,400. c. The robot will require annual maintenance service. Assume an annual service contract is required that costs 10% of the original robot cost including the original freight/installation. d. Assume that the robot will replace 15 employee hours per day, 360 days per year (the robot will not, at least initially, be as versatile 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 $1,300 per year. Print Done A variety of robots have been featured at the National Restaurant Show that can be used for a variety of tasks in (Click the icon to view additional informat restaurants. These robota were introduced at the same time that an ongoing debate ensued in the United States about the merits of a national minimum wage of $14 per hour for every worker. Read the requirements Requirement 1. What would the payback period be on a Fries Plus robot used for food preparation? (Round your answer to two decimal places) Payback period years Requirement 2. What qualitative factors would Frien Plus nood to consider when doelding whether to purchase robots to replace some of its food preparation workers? ( the input field emply, do not select a label) Qualitative factors to consider include: The additional operating costs incurred to maintain and service the robot The cost savings from eliminating employee wages. The impact of replacing people with machines would have with customers The initial cost incurred from the purchase of the robot al rate of return (IRR) be likely to be useful tools for analyzing this decision Support yo A variety of robots have been featured at the National Restaurant Show that can be used for a variety of tasks in restaurants. These robots were introduced at the same time that an ongoing debate ensued in the United States about the merits of a national minimum wage of $14 per hour for every worker (Click the icon to view additional information) Read the requiremento Requirement 1. What would the payback period be on a Fries Plus robot used for food preparation? (Round your answer to two decimal places.) Payback period years Requirement 2. What qualitative factors would Files Plun noed to consider when deciding whether to purchase robots to replace some of its food preparation workers? (Select only those + the input find emply do not select a fabel) Qualitative factors to consider include: Requirements. Given the payback period, would not present value (NPV) or internal rate of retur (IRR) be likely to be useful tools for analyzing this decision Support your responde for analyzing this decision since Both the NPV and IRR are likely to be useful tool Mother NPV or IRR are tely to be useful tools Only IRR is kely to be a useful tool ON NPV is kely to be useful tool Choose from any list or enter any number in the input fields and then continue to the next