Given that a computer rental per hour is 2.46 Determine the hourly rate. and the mid-range computer selected is 579.00 Combine this information from the two groups and perform a capital budgeting analysis. Assume that one student will use the computer for 40 hours per semester for the next 3 years. Also assume that the minimum rate of return is 10%. Use the interest tables in Appendix A in performing your analysis. [Hint: Use the appropriate present value of an annuity of $1 factor for 5% compounded for six semiannual periods (periods = 6).] Does your analysis support the student purchasing the computer?