Requirements 1-3

(Click the icon to view additional information) A variety of robots have been featured at the National Restaurant Show that can be used for a variety of tasks in restaurants. These robots were introduced at the same time that an ongoing debate ensued in the United States about the merits of a national minimum wage of $14 per hour for every worker Read the requirements Requirement 1. What would the payback period be on a Burger Universe robot used for food preparation? (Round your answer to two decimal places * Requirements - X 1. What would the payback period be on a Burger Universe robot used for food preparation? (Round to the nearest two decimal places) 2. What qualitative factors would Burger Universe need to consider when deciding whether to purchase robots to replace some of its food preparation workers? 3. Given the payback period, would net present value (NPV) or internal rate of return (IRR) be likely to be useful tools for analyzing this decision? Support your response Print Done Choorn from any diet or enter any number in the input fields and then click Check Answer milar to) Questi hay i More Info x prm - Chat e rol ebat alm A former Burger Universe USA CEO, Ralph Manning, said that purchasing a $36,000 robotic arm would be cheaper than paying fast-food workers $14 per hour for food preparation tasks like bagging french fries Vhal n?( cima To test the former CEO's assertion using a hypothetical example make the following assumptions: a. For the cost of the hourly workers, use a total wage rate of $17 per hour to reflect payroll taxes (the hourly wage rate used here is higher than $14 since payroll taxes can add 15% or more to the hourly wage rate) b. Assume that freight and installation for the robot's initial placement in a Burger Universe restaurant will be a one-time cost of $5,200 C. The robot will require annual maintenance service. Assume an annual service contract is required that costs 20% of the original robot cost including the original freight/installation d. Assume that the robot will replace 14 employee hours per day, 360 days per year (the robot will not at least initially, be as versatile as a person and cannot fully eliminate all food prep workers at this point) e. Electricity and supplies consumed by the robot will be assumed to be $1,200 per year y list Print Done Clear All Check Answ Read the requirements. Ongoing debate ensued in the United States about the merits of a national minimum wage of $14 per hwur for every worker Requirement 1. What would the payback period be on a Burger Universe robot used for answer to two decimal places.) 1 Payback Accounting rate of return Expected annual net cash inflow Future value Initial investment Net present value Present value Residual value Total net cash inflows about the imum wage of $14 per hour for every would the payback period be on a Burger Universe robot used for fo places.) Payback Accounting rate of return Expected annual net cash inflow Future value Initial investment Net present value Present value Residual value Total net cash inflows the innut fialde and then click Check Answ