Question: You are a senior vice president of a company that
You are a senior vice president of a company that manufactures kitchen appliances. You are considering using robots to replace up to 10 of your skilled workers on the factory floor. Using a spreadsheet, analyze the costs of acquiring several robots to paint and assemble some of your products versus the cost savings in labor. How many years would it take to pay for the robots from the savings in fewer employees? Assume that the skilled workers make $20 per hour, including benefits.
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