Faced with rising pressure for a 517 per hour minimum wage tate, the tarming industry is cutrenty exploring the possble use of robotics to replace some farm workers. The Farmhand is one wuch robot is job it to thin out a feld of letuce, temoving the least promising buds of lettuce. By rencving these wevker glants, the stonger lettuce plants have more root to grow. Assume the folowing facta: (3) (Cick the icon lo view the information) While the Farmhand atseif may be in workable condition for op lo tivo yeurs, Gssume inat the farm would vew its implementaton as a one-yoar experiment. Requirement Perform a cosi-benefit analyais for the first year of implementation to delermine whecher the Famhand would be a financlally viable investment it the minimum wage is ralsed to \$17 per hour. (Round your anawers to the nearest whole dollar.) Cost and Benefit Information 1. One Farmhand would do the work of 25 farm workers. 2. Each farm worker typically works 30 hours on the lattuce thinning process eech year 3. Each farm worker would earn $17 por hour plus 7.65% payroll tax. 4. The Farmhand ia estmaled to cost $7,000 plus $900 for delivery. 5. Arnual costs of operating the Farmhand are expected to be $2,400