$!$

Required information

Humana Hospital Corporation installed a new MRI machine at a cost of $$710000$ this year in its medical professional

clinic in Cedar Park. This state$-$of$-$the$-$art system is expected to be used for $5\mathrm{.}00$ years and then sold for $$115000.$

Humana uses a return requirement of $24\mathrm{.}00\%$ per year for all of its medical diagnostic equipment. As a

bioengineering student currently serving a Co$-$op semester on the management staff of Humana Corporation in

Louisville, Kentucky, you are asked to determine the minimum revenue required each year to realize the expected

recovery and return.

What is your answer?

The minimum revenue required each year to realize the expected recovery and return is $