The owner of a hair styling salon is considering buying a tanning bed. she estimates that the tanning bed will bring in an extra $1,000 per year in profit. (after deducting costs for electricity, replacement bulbs, eat.) a good quality tanning bed will last 6 years however it will not have resale value.

the owner has not priced tanning beds. calculate the maximum price that the owner should pay for the tanning bed if she wants to get a 10%return on any money invested.