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 five years and have no salvage value.

Use Excel or a financial calculator to solve. Round answers to the nearest dollar.

Required:

Up to how much should the Atlantic Medical Clinic be willing to pay for the new computer system if the clinics required rate of return is:

		Present Value
1.	Eleven percent
2.	Twelve percent