Exercise 1628 (Algo) Interpretation of present value analysis-calculate annual cash flow LO 166,167 Memorial Hospital is considering the acquisition of a new diagnostic scanning machine. The investment required to get the machine operational will be $1,898,000. The machine will be capable of performing 8,200 scanning procedures per year, but based on the experience of other hospitals, management estimates that the machine will be used at 80% of its capacity. The hospital's cost of capital is 8%; the machine has an estimated useful life of five years and no salvage value. Table 6-5. Note: Use appropriate factor(s) from the table provided. Required: a. Assuming a constant cash flow every year, calculate the annual net cash flow required from the scanner if the IRR of the investment is to equal 8%. (Hint: The annual net cash flow requirement is an annuity.) b. If the direct cash costs of operating the scanner equal 46% of the annual net cash flow requirement calculated in part a, what price should the hospital charge per scanning procedure in order to achieve a 8%ROl ? Note: Round your intermediate calculations to 2 decimal places. Note: For all requirements, round your answer to the nearest whole dollar amount