A hospital germ-fighting and floor cleaning robot, named Maurice, costs $109,000. Patients are billed $1 per...

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A hospital germ-fighting and floor cleaning robot, named Maurice, costs $109,000. Patients are billed $1 per day for Maurice's use and upkeep. A certain 300-bed hospital is considering purchasing this robot. What is the simple payback period for Maurice? Assume the hospital's average occupancy rate is 80% and 365 days per year. A hospital germ-fighting and floor cleaning robot, named Maurice, costs $109,000. Patients are billed $1 per day for Maurice's use and upkeep. A certain 300-bed hospital is considering purchasing this robot. What is the simple payback period for Maurice? Assume the hospital's average occupancy rate is 80% and 365 days per year.

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To calculate the simple payback period for Maurice we need to determine how long it will take ... View the full answer