Solve each of the following parts independently. (Ignore income taxes.) Please make sure your final answer(s) are accurate to the nearest whole number. You can use the PV formulas in Excel or a financial calculator for these calculations. a) The JenCo Clinic can purchase a new computer system that will save $18,000 annually in billing costs. The computer system will last for 10 years and have no salvage value. Up to how much should the Je pay for the new computer system if the clinic's required rate of return is 20%? Amount = $ b) The Seattle Times newspaper reported the following story: Stan Frey of Seattle is the state's newest millionaire. By choosing the six winning numbers on last week's state lottery, Stan Frey has won the wee $2.55 million. The State Lottery Commission has indicated that Stan Frey will receive the prize in 30 annual installments of $85,000 each. If Stan Frey can invest money at a 15% rate of return, what is the pres winnings? Present value = $ c) SouthCo will need a new warehouse in 4 years. The warehouse will cost $600,000 to build. What lump-sum amount should the company invest now to have the $600,000 available at the end of the 4-year p the company can invest money at 11%. Lump-sum amount = $

Solve each of the following parts independently. (Ignore income taxes ) Please make sure yout final answer(s) are accurate to the nearest whole number. You can use the PV formulas in Exceli or a financial calculator for these calculations a) The JenCo Cinic can purchase a new compuler system that wil save $18,000 amualy in biling costs. The computer system wa last for 10 years and have no salvage value. Up to how much should the 3 oav for the new computer system a the clinic's requied tase of retum is zo\%? b) The Seattie Times newspaper reported the folowing story. Stan Frey of Seatte is the state's newest millonave. By choosing the six winning rumbers on last wook's state lottery, Stan Frey has won the we $2.65 million. The State Lottery Commision has indicated that Stan Frey will receive the prise in 30 antuat imstalinents of $85,000 each if Stan Frey can invest money at a 15% rate of retum, what is the per winhinas? c) South Co will reed a new warehouse in 4 years. The warehouso will cost $600,000 to buld What fump-sum anount should the company invest now to have the $600,000 ava lable at the end of the 4 year the company can invest money at 11%