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Dr. Jones is evaluating whether to open a private MRI clinic in leased office space...

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Finance

Dr. Jones is evaluating whether to open a private MRI clinic in leased office space in a local strip mall. The clinic will run for two years and then close. Before the clinic opens, the offices require $200,000 of renovations. Dr. Jones will buy $20,000 of computer equipment and one MRI machine. The MRI machine (GE 3.0T Signa Excite HD) costs $2.9M. Assume that the renovations, computer equipment and MRI are paid for at the beginning of the first year

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