Safe Driving School is considering purchasing new autos costing $235,000.The company's management has estimated that the autos will generate cash flows as follows:
Year1 $\quad\$ 80,000 $
Year2 $ \quad \$ 85,000 $
Year 3$\quad \$ 95,000 $
Year4$ \quad\$ 45,000 $ Considering the residual value is zero,calculate the payback period.Round to one decimal place

Question

Safe Driving School is considering purchasing new autos costing $235,000.The company's management has estimated that the autos will generate cash flows as follows:
 Year1 $\quad\$ 80,000 $
Year2 $ \quad \$ 85,000 $
Year 3$\quad \$ 95,000 $
Year4$ \quad\$ 45,000 $  Considering the residual value is zero,calculate the payback period.Round to one decimal place

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The Answer of Safe Driving School is considering purchasing new autos costing $235,000.The company's management has estimated that the autos will generate cash flows as follows:
 Year1 $\quad\$ 80,000 $
Year2 $ \quad \$ 85,000 $
Year 3$\quad \$ 95,000 $
Year4$ \quad\$ 45,000 $  Considering the residual value is zero,calculate the payback period.Round to one decimal place

Safe Driving School Is Considering Purchasing New Autos Costing $235,000 $80,000\quad\$ 80,000 $80,000

Safe Driving School Is Considering Purchasing New Autos Costing $235,000 $\quad\$ 80,000$