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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
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:

Year 1   $ 80,000
 Year 2   $ 85,000
 Year 3   $ 95,000
 Year 4   $ 45,000

Considering the residual value is zero, calculate the payback period. Round to one decimal place
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
Makes perfect sense, thx
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