Problem: In order to justify the purchase of a new chart tracking system, HIM Services needs to calculate the new system's payback period. The cost to operate the current system is $25,000 per year. The proposed cost of the new system for the first year is $35,000 with continuing operating costs per year of $15,000. An increase of $10,000 per year in billing is anticipated with the new system due to a decrease in lost charts. Based on the information in the table above, when will payback occur? Select one: a. first year b. second year c. third year d. fourth year