Question: Please answer in format with supporting calculation and provide explanation seperatelt A new restaurant has recently opened in your community and it is a huge

Please answer in format with supporting calculation

and provide explanation seperatelt

Please answer in format with supporting calculationand provide explanation seperatelt A new

A new restaurant has recently opened in your community and it is a huge success with an average of 520540 customers daily. The owner has had to hire additional workers at $20 per hour to help with the dishwashing as each customer uses on average 5 dishes. The owner has inVestigated purchasing a large dishWashing machine which costs $260,000, but is uncertain as to whether it is worth it as this would be a huge expenditure for a new business owner and the purchase feels a bit daunting. The machine has an expected useul life of 10 years. The owner has hired you to determine whether the investment would be wise. Rgsggurgnt Fgg 1. There are 3 restaurant shis (breakfast, lunch, dinner) where each shift lasts 3 hours 2. On average, 900 dishes need washing per shift 3. The restaurant is open 360 days per year Market conditions: 1. Wages are expected to increase 1% each year 2. Interest rates are 8% 3. Interest is compounded quarterly Manual labor for dishwashing 1. For each of the 3 shifts, dishwashers need to setup and get ready for the rush. Setup takes 1 hour per shift. 2. A dishwasher can wash 5 dishes per minute. Machine labor rguirements l. The machine needs to be prepared to run for the day and it takes 1 hour. The owner needs to hire a maintenance worker who can maintain the machine. This worker would cost the owner $40 per day. 2. The labor requirements to load and empty the machine are 2 hours per shift

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