Part 1: Excel
Part 2: 2 pages
Requirements
Prepare a two-part cost-benefit analysis.
Part 1
• Complete the cost-benefit analysis template for the purchase of an MRI machine for the clinic with estimated costs and benefits values.
Part 2
Based on the cost-benefit analysis, write a 2-page summary:
• Explain the concept of opportunity cost.
• Explain how the cost-benefit analysis aligns with organizational needs and future growth.
• Recommend a plan of action that is supported by the cost-benefit analysis. (Should the clinic purchase the MRI machine, or not?) Reference specific areas of the analysis in your recommendation.
Submit both parts of the assessment at the same time. Please note that you will need to attach each part separately since they are different types of documents.
Additional Requirements
• Include a title page and reference page for Part 2.
• Number of pages: 2, not including the title page and reference page (Part 2 only).
• At least two current scholarly or professional resources (Part 2 only).
• APA format for citations and references used in Part 2.
• Times New Roman font, 12 point (Part 2).
• Double-spaced (Part 2).