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 nilne years and have no salvage value.

Click here to vew Exhiblt $14B-1$ and Exhiblt $14B-2,$ to determine the approprlate discount factor$($s$)$ using tables.

Required:

What is the maximum price $($I$.$e$.,$ the price that exactly equals the present value of the annual savings In billing costs$)$ Atlantic Medical

Clinic should be willing to pay for the new computer system if the clinic's required rate of return is:

Note: Round your final answer to the nearest whole dollar amount.