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a new cardiac catheterization lab was constructed at have a heart hospital. the investment for the lab was $450,000 in equipment costs and $50,000 in
a new cardiac catheterization lab was constructed at have a heart hospital. the investment for the lab was $450,000 in equipment costs and $50,000 in renovation costs. a desired return on investment is 12 percent. once the lab was constructed, 5,000 patients were served in the first year and were charged $340, for each procedure. the annual fixed cost for the catheterization lab is $1 million and the variable cost is $129 per procedure. what is the catheterization labs profit? did this profit meet its desired roi? why or why not?
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