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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 Faced with rising pressure for a $17 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 field of lettuce removing the last promising buds of lettuce. By removing those weaker plants, the stronger lettuce plants have more room to grow. Assume the following facts Click the icon to view the information) Perform a cost-benefit analysis for the first year of implementation to determine whether the L uce Tech would be a financially viable investment the minimum wage is raised to $17 per hour (Round your answers to the nearest whole dollar Cost-Benefit Analysis Expected Benefits (Cost Savings: Total expected benefits Expected Costs amics Net expected benefit (cost) Choose from any o ne any number in the input fields and then continue to the next estion 1. One Lettuce Tech would do the work of 20 farm workers. 2. Each farm worker typically works 55 hours on the lettuce thinning process each year. 3. Each farm worker would earn $17 per hour plus 7.65% payroll tax. 4. The Lettuce Tech is estimated to cost $8,500 plus $600 for delivery. 5. Annual costs of operating the Lettuce Tech are expected to be $1,600. Print Done Done]

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