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Required information Problem 0 6 . 0 0 7 - Determine the minimum revenue required each year to realize the expected recovery and return Skip

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Problem 06.007- Determine the minimum revenue required each year to realize the expected recovery and return
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Humana Hospital Corporation installed a new MRI machine at a cost of $720000 this year in its medical professional clinic in Cedar Park. This state-of-the-art system is expected to be used for 4.00 years and then sold for $135000. Humana uses a return requirement of 24.00% 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.

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