The Atlantic Medical Clinic can purchase a new computer systemthat will save $5,000 annually in billing costs. The computersystem will last for three years and have no salvage value. UseExcel to solve.

Note: Round individual calculations to two decimal places thenfinal total to nearest dollar.

Required: Up to how much should the Atlantic Medical Clinic bewilling to pay for the new computer system if the clinic’s requiredrate of return is:

11% _______________

8% ________________

PLEASE show excel formulas when appropriate.