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E1-22B (similar to) Question Help Faced with rising pressure for a $10 per hour minimum wage rate, the farming While the Produce Bot itself may be in workable condition for up to five years, industry is currently exploring the possible use of robotics to replace some farm assume that the farm would view its implementation as a one-year experiment workers. The Produce Bot is one such robotits job is to thin out a field of lettuce, removing the least promising buds of lottuce By removing these weaker plants, the Requirement stronger lettuce plants have more room to grow Assume the following facts Perform a cost benefit analysis for the first year of implementation to determine (Click the icon to view the information.) whether the Produce Bot would be a financially viable investment if the minimum wage is raised to $16 per hour (Round your answers to the nearest whole dollar Cost-Benefit Analysis Expected Benefits (Cost Savings): 6 Cost and Benefit Information Annual operating costs Delivery cost Machine cost Payroll taxes Wages 1. One Produce Bot would do the work of 15 farm workers 2. Each farm worker typically works 60 hours on the lettuce thinning process each year 3. Each farm worker would eam S16 per hour plus 7 65% payroll tax 4. The Produce Bot is estimated to cost $5,500 plus $550 for delivery 6. Annual costs of operating the Produce Bot are expected to be $2,400 Total expected costs Print Done Net expected benefit (cost) Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check