22 A pharmaceutical manufacturer has purchased a mechanical system for faster and more accurate delivery to its patients. Assume this system costs $5 million to install and an estimated $250,000 per year for all materials, operating, personnel, and maintenance costs. The expected life is 10 years. An engineer wants to estimate the total revenue requirement for each 6-month period that is necessary to recover the investment, interest, and annual costs. Find this semiannual A value if .capital funds are evaluated at 8% per year, compounded monthly (20 )