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:
$\begin{array}{ll}
\text { Year 1 } & \$ 80,000 \
\text { Year 2 } & \$ 85,000 \
\text { Year 3 } & \$ 95,000 \
\text { Year 4 } & \$ 45,000
\end{array}$ 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:
 $\begin{array}{ll}
\text { Year 1 } & \$ 80,000 \
\text { Year 2 } & \$ 85,000 \
\text { Year 3 } & \$ 95,000 \
\text { Year 4 } & \$ 45,000
\end{array}$ 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:
 $\begin{array}{ll}
\text { Year 1 } & \$ 80,000 \
\text { Year 2 } & \$ 85,000 \
\text { Year 3 } & \$ 95,000 \
\text { Year 4 } & \$ 45,000
\end{array}$ 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