Question: Problem 0 6 . 0 0 7 - Determine the minimum revenue required each year to realize the expected recovery and return Skip to question

Problem 06.007- Determine the minimum revenue required each year to realizethe expected recovery and return
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Humana Hospital Corporation installed a new MRI machine at a cost of $780000 this yearin its medical professional clinic in Cedar Park. This state-of-the-art system is expected tobe used for 5.00 years and then sold for $140000. Humana uses a return requirement of 24.00%per year for all of its medical diagnostic equipment. As a bioengineering student currentlyserving a Co-op semester on the management staff of Humana Corporation in Louisville,Kentucky, you are asked to determine the minimum revenue required each year to realizethe expected recovery and return.
Problem 06.007.a - Annual worth and capital recovery calculations
What is your answer?
The minimum revenue required each year to realize the expectedrecovery and return is $ .

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