Continuing from our previous analysis, Dr$.$ Smith and Dr$.$ Brown's physician practice is considering two

investments: $$70,000$ in a laboratory and $$125,000$ in electronic health record $($EHR$)$ software. Calculating

the payback period will provide a clear estimate of the time required to recoup the cost of both

investments, which is essential for managing financial risk. The expected annual cash flows for these

investments are $$14,000$ for the laboratory and $$12,500$ for the EHR software. Using this information,

calculate the payback period for each investment and complete the table below.