The investment in a new cath lab was 950000 in equipment, Finance Basics

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The investment in a new cath lab was 950000 in equipment

The investment in a new cath lab was $950,000 in equipment costs and $50,000 in renovation costs. A desired ROI is 12%. Once the lab was operating, 7,000 patients were served in the first year and were charged $640 for each procedure. The annual fixed cost for the cath lab is $2 million, and the variable cost is $329 per procedure. 1. Calculate the cath lab's profit 2. Calculate the ROI for the cath lab 3 Did the profit meet its desired ROI?

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Finance Basics: The investment in a new cath lab was 950000 in equipment

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