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

question 89

Essay

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

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Definitions:

Psychiatrist

A medical doctor specializing in diagnosing, treating, and preventing mental, emotional, and behavioral disorders.

Collectivist Perspective

A viewpoint valuing the needs and goals of the group over the desires and priorities of the individual, commonly seen in many Asian, African, and Latin American cultures.

Therapeutic Alliance

A strong, collaborative relationship between a therapist and their client, critical for effective therapy.

Psychiatrist

A medical doctor specialized in the diagnosis, treatment, and prevention of mental illnesses and disorders, capable of prescribing medication.