Goodwill Health Clinic plans to overhaul its patient record systems. Health Record System is a potential candidate. This system needs $10,000 to install. There are two cost categories associated with system implementation: license and maintenance. The cost for the license is $2000 each year for the first two years and then increase by $200 each year for Year 3 through 5. The maintenance cost is $1000 for the first year, increasing 10% per year after; the expected benefits of implementing Health Record System is $5000 for the first year and $8000 each year starting year 2. (Compute the total cost for each year: maintenance & license) 

 Use a discount rate of 10%. Conduct financial analysis, payback, NPV, and ROI. 

1) What is the payback period? 

2) What is the NPV in year 5? 

3) What is the ROI in year 5?