Requirement 1. What is the expected net cash inflow per year from purchasing a second shrinkwrap machine (i.e., how much cost could be saved each year by eliminating the wait time)? The expected net cash inflow (cost savings) per year of eliminating employee wait time is Requirement 2. What is the payback period of the second shrinkwrap machine? Round your answer to the nearest two decimal places. First enter the formula, then calculate the payback period. (Round your answer to two decimal places.) Requirement 3. What would the expected net cash inflow per year be if the hourly wage rate used for this analysis was increased by 20% to reflect the cost of employee benefits? If the employee wage rate increased 20%, the net cash inflow (cost savings) per year of eliminating employee wait time is The payback period of the second shrinkwrap machine when the increased wage rate is used is years. The payback period using the increased hourly wage rate as compared to the original payback period using the hourly rate without any benefits included because there are less costs each year and the annual cost savings is less than the initial investment in the project. there are less costs each year and the annual cost savings is more than the initial investment in the project. there are more costs each year and the annual cost savings is less than the initial investment in the project. there are more costs each year and the annual cost savings is more than the initial investment in the project. 1. What is the expected net cash inflow per year from purchasing a second - Cost of new shrinkwrap machine plus installation =$25,000 shrinkwrap machine (i.e., how much cost could be saved each year by eliminating the wait time)? - Average wait time per warehouse picker per day =60 minutes 2. What is the payback period of the second shrinkwrap machine? Round your - Number of warehouse pickers =7 answer to the nearest two decimal places. - Hourly wage of warehouse personnel =$14.00 3. What would the expected net cash inflow per year be if the hourly wage rate - Foodbank is open 5 days a week, 52 weeks a year, except for 10 holidays used for this analysis was increased by 20% to reflect the cost of - Expected useful life of machine =15 years employee benefits? - Expected salvage value =$1,000 4. What is the payback period of the second shrinkwrap machine when the increased wage rate is used to calculate the expected net cash inflow per year? Round your answer to the nearest two decimal places. 5. Did the payback period using the increased hourly wage rate increase or More info decrease as compared to the original payback period using the hourly rate without any benefits included? Explain. Many times, large quantities of food need to be shrinkwrapped to secure the items for shipping to the charitable organizations. The VP of Operations at the Cleveland Foodbank recently performed a time study of the time that its warehouse personnel spend waiting for the shrinkwrap machine to become available