! Required information Humana Hospital Corporation installed a new MRI machine at a cost of $710,000 this year in its me

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Required Information Humana Hospital Corporation Installed A New Mri Machine At A Cost Of 710 000 This Year In Its Me 1 (119.07 KiB) Viewed 36 times

! Required information Humana Hospital Corporation installed a new MRI machine at a cost of $710,000 this year in its medical professional clinic in Cedar Park. This state-of-the-art system is expected to be used for 3 years and then sold for $105,000. Humana uses a return requirement of 22% per year for all of its medical diagnostic equipment. As a bioengineering student currently serving 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 realize the expected recovery and return. If the annual operating cost (AOC) is expected to be $85,000 per year, what is the total required to provide for recovery of capital and the annual expenses at the specified rate of return? The total required to provide for recovery of capital and the annual expenses at the specified rate of return is determined to be $