Prepare a cost benefit analysis to help making decision based on the scenario given below. Identify the framework of your cost benefit analysis (i.e., goals and objectives; metrics to be used e.g., currency) Identify cost and benefits Assign a dollar amount to the costs and benefits identified; and be able to show support by collecting and using appropriate information Compare the total value of benefits and costs Scenario - Replacement of hotel vacuum cleaners In support of sustainability, the general manager of YYZ Hotel is considering replacing all its old vacuum cleaners, which are used in cleaning up guest rooms. The new cleaners have to be more energy efficient, with better HEPA and filtration system. Background of the hotel A 4-star hotel in Markham with 300 rooms Average occupancy is 75% with ADR of $90 On average, each housekeeper can clean up a room in 30 minutes. Check out time of the hotel is 11am and check in is 3pm Of all the rooms needed to be cleaned, approximately 70% have to be done during 11am to 3pm All housekeepers are scheduled a 9-hour work day with 1 hour break (no paid) With the new vacuum cleaners, 2 minutes can be saved on cleaning up each room The power of existing vacuum cleaners are 1,500 watts Marking rubrics: Framework of the cost benefit analysis How much money will we save from energy cost, time? How much money will it cost to purchase new vacuum cleaners, transportation maintainance and training of employees. How many vacuum cleaners do we need to buy Provide data will all the calculations with formulas. Calculate the cost benefit ratio Calculate the improved brand image in monetary terms after purchasing the vacuum cleaners. Calculate the differentiation benefit in monetary terms. Calculate the time and effort in monetary terms