Exercise 12A-5 (Algo) Basic Present Value Concepts [LO12-7] The Atiantic Medical Clinic can purchase a...
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Exercise 12A-5 (Algo) Basic Present Value Concepts [LO12-7] The Atiantic Medical Clinic can purchase a new computer system that will swe $3,000 annualy in biling costs, The compuner systect will last for six years and have no salvage value. Click here to view Exhibin 128.1 and Exhibit 128-2, to determine the appropriste dscount foctor(s) using tables. Required: What is the maximum price ( 8 e, the poice that exactly equals the present value of the annual savings in billing costs) that the Atartic Medical Clinic should be wiling to pay for the new computer system if the clinic's required rate of return is; (Round your final answer to the nearest whole dollar amount)
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