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please show any work, thank you! a The Atlantic Medical Clinic can purchase a new computer system that will save $7,000 annually in billing costs.
please show any work, thank you!
a The Atlantic Medical Clinic can purchase a new computer system that will save $7,000 annually in billing costs. The computer system will last for eight years and have no salvage value. Click here to view Exhibit 148 1 and Exhibit 148-2 to determine the appropriate discount factor(s) using tables Required: What is the maximum price (ie the price that exactly equals the present value of the annual savings in billing costs) that the Atlantic Medical Clinic should be willing to pay for the new computer system if the clinic's required rate of return is (Round your final answer to the nearest whole dollar amount.) Maximum Price 1 Sixteen percent 2 Twenty percent Step by Step Solution
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