Faced with rising pressure for a $15 per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some farm workers. the lettuce bot is one such robot; its job is to thin out a field of lettuce, removing the least promising buds of lettuce. by removing these weaker plants, the stronger lettuce plants have more room to grow. assume the following facts: 1. one lettuce bot would do the work of 25 farm workers.2. each farm worker typically works 50 hours on the lettuce thinning process each year.3. each farm worker would earn $15 per hour plus 7.65% payroll tax.4. the lettuce bot is estimated to cost $9,500 plus $1,000 for delivery.5. annual costs of operating the lettuce bot are expected to be $2,500. while the lettuce bot itself may be in workable condition for up to five years, assume that the farm would view its implementation as a one-year experiment. requirementperform a cost-benefit analysis for the first year of implementation to determine whether the lettuce bot would be a financially viable investment if the minimum wage is raised to $15 per hour.