Requirement 1. What is the expected net cash inflow per year from purchasing a second shrinkwrap machine (Le, 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) Payback period years 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 Requirement 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 two decimal places.) The payback period of the second shrinkwrap machine when the increased wage rate is used is years. Requirement 5. Did the payback period using the increased hourly wage rate increase or decrease as compared to the original payback period using the hourly rate without any benefits included? Explain. 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 More info -x Assumptions 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 Boston Foodbank recently performed a time study of the time that its warehouse personnel spend waiting for the shrinkwrap machine to become available. " Cost of new shrinkwrap machine plus installation $29,000 Average wait time per warehouse picker per day 60 minutes Number of warehouse pickers 14 Hourly wage of warehouse personnel $10.00 Foodbank is open 5 days a week, 52 weeks a year, except for 10 holidays Expected useful life of machine 10 years Experted salvage value = $1,900 Print Done ement 4. What is the payback period of the second shrinkwrap machine when the increased wa vage rate is used in Print Done blac Requirements 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)? 2. 3. 4. 5. What is the payback period of the second shrinkwrap machine? Round your answer to the nearest two decimal places. 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? 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. Did the payback period using the increased hourly wage rate increase or decrease as compared to the original payback period using the hourly rate without any benefits included? Explain. Print Done