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The Atlantic Medical Clinic can purchase a new computer system that will save $10,000 annually in billing costs. The computer system will last for eight

The Atlantic Medical Clinic can purchase a new computer system that will save $10,000 annually in billing costs. The computer system will last for eight 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. Fourtheen Percent _________________

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