Learn Safe Driving School is considering purchasing new autos costing $235,000.The company's management has estimated that the autos will generate cash inflows as follows:
Year $ 1\quad \$ 80,000 $
Year $ 2 \quad\$ 85,000 $
Year $ 3\quad \$ 95,000 $
Year $ 4\quad \$ 45,000 $ Considering the residual value is zero,calculate the payback period.Round to one decimal place

Question

Learn Safe Driving School is considering purchasing new autos costing $235,000.The company's management has estimated that the autos will generate cash inflows as follows:
 Year $ 1\quad \$ 80,000 $
Year $ 2 \quad\$ 85,000 $
Year $ 3\quad \$ 95,000 $
Year $ 4\quad \$ 45,000 $ Considering the residual value is zero,calculate the payback period.Round to one decimal place

Quizplus · Accepted Answer

The Answer of Learn Safe Driving School is considering purchasing new autos costing $235,000.The company's management has estimated that the autos will generate cash inflows as follows:
 Year $ 1\quad \$ 80,000 $
Year $ 2 \quad\$ 85,000 $
Year $ 3\quad \$ 95,000 $
Year $ 4\quad \$ 45,000 $ Considering the residual value is zero,calculate the payback period.Round to one decimal place

Learn Safe Driving School Is Considering Purchasing New Autos Costing 1$80,000 1\quad \$ 80,000 1$80,000

Learn Safe Driving School Is Considering Purchasing New Autos Costing $1\quad \$ 80,000$