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The Scott and White Health Plan (SWHP) has purchased a robotized prescription tulevent system for faster and more accurate delivery to patients with stable, pill
The Scott and White Health Plan (SWHP) has purchased a robotized prescription tulevent system for faster and more accurate delivery to patients with stable, pill form medication for chronic health problems, such as diabetes, thyroid, and high blood pressure. Assume this high volume system costs 58 million to install and an estimated $350,000 per year for all materials, operating, personnel, and maintenance costs. The expected life is 8 years. An SWHP biomedical engineer wants to estimate the total revenue requirement for each 6-month period that is necessary to recover the investment, interest, and annual costs. Find this semiannual value if capital funds are evaluated at 15% per year, compounded monthly ENTER YOUR ANSWER BELOW. UPLOAD YOUR SOLUTION ON ASSIGNMENT AFTER YOU AFTER THE EXAM (20 Points) Enter your
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