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Exercise 12A-5 Basic Present Value Concepts [LO12-7] ed The Atlantic Medical Clinic can purchase a new computer system that will save $11,000 annually in billing
Exercise 12A-5 Basic Present Value Concepts [LO12-7] ed The Atlantic Medical Clinic can purchase a new computer system that will save $11,000 annually in billing costs. The computer system will last for nine years and have no salvage valde. Click here to view Exhibit 128-1 and Exhibit 2822. to determine the appropriate discount factor(s) using tables. Required: What is the maximum price (le, the price that exactly equals the present value of the annual savings in biling costs) that the Atlantic Medical Clinic should be willing to pay for the new computer system of the clinic's required rate of return is: (Round your final onswers to the nearest whole dollar amount) SK nces Maximum Price Eight percent 2 Eleven percent
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