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Administration at the community hospital system (which includes an inpatient hospital, skilled nursing facility, durable equipment company, mental health facility, and outpatient counseling center) will

Administration at the community hospital system (which includes an inpatient hospital, skilled nursing facility, durable equipment company, mental health facility, and outpatient counseling center) will begin a conversion project from the current EHR to another that will allow all the facilities access to one EHR. The estimated cost of the new EHR is $1,750.00. The saving with the new system is estimated to be $475,000 per year. What is the payback period? Round to two decimal places.

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