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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:
Considering the residual value is zero,calculate the payback period.Round to one decimal place
Tariffs
Taxes imposed by a government on imported goods or services to protect domestic industries or to generate revenue.
Revenue
The total amount of income generated by the sale of goods or services related to a company's primary operations.
Protectionist
Referring to government policies or doctrines that protect domestic industries from foreign competition, often through tariffs and quotas.
Absolute Advantage
The ability of a country, region, or entity to produce a good or service more efficiently than its competitors, using fewer resources.
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