Question: needing help setting this problem up 16.) ROI for an investment center. A new cardiac catheterization lab was constructed at 50,000 in equipment costs and

needing help setting this problem up

16.) ROI for an investment center. A new cardiac catheterization lab was constructed at 50,000 in equipment costs and Have a Heart Hospital. The invest $50,000 in was operating, 7,000 patients were served in the first year and were charged $640 for each procedure. The annual fuxed.cost for the catheterization lab is $2 million, and the variable cost is $329 per procedure. What was the catheterization lab's profit? Did this renovation costs. A desired return on investment is 12 percent. Once the lab profit meet its desired RO1

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