The Atlantic Medical Clinic can purchase a new computer system that will save $4,000 annually in billing costs. The computer system will last for twelve years and have no salvage value Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using tables Required: What is the maximum price (.e, the price that exactly equals the present value of the annual savings in billing costs) that the Atlantic Medical Clinic should be willing 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.) 1.E Eight percent 2. Twelve percent Maximum Price

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A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.