Faced with rising pressure for a $12 per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some farm workers. The Lettuce Tech is one such robot, its job is to thin out a feld of lettuce, removing the least promising buds of lettuce. By removing these weaker plants, the stronger lettuce plants havo more room to grow. Assume the following facts: 2. (Click the icon to view the information.) While the Lettuce Tech itself may be in workable condition for up to five years, assume that the farm would view its implementation as a one-year experiment. Requirement Perform a cost-benefit analysis for the first year of implementation to determine whether the Lettuce Toch would be a financially viable investment if the minimum wage is raised to $12 per hour. (Round your answars to the nearest whole dollar.) ressure for a $12 per hour minimum wage rate, the farming exploring the possible use of robotics to replace some farm ca Tech is one such robot: its ioh is to thin outa fiald of lattuce While the Lettuce Tech itself may be in workable conditio five years, assume that the farm would view its implemen ainne-valiexroriment. Cost and Benefit Information 1. One Lettuce Tech would do the work of 25 farm workers. 2. Each farm worker typically works 60 hours on the lettuce thinning process each year. 3. Each farm worker would earn $12 per hour plus 7.65% payroll tax. 4. The Lettuce Tech is estimated to cost $10,000 plus $800 for delivery. 5. Annual costs of operating the Lettuce Tech are expected to be $1,800. Faced with rising pressure for a $12 per hour minimum wage rate, the farming While the Lettuce Tech itself maty be in workabie cendition for up is