Learn Safe Driving School Is Considering Purchasing New Autos Costing $\begin{array}{llr} \text {Year 1 } &\$80,000\\ \text {Year 2 } &\$85,000\\ \text { Year 3} &\$95,000\\ \text {Year 4 } &\$45,000\\\end{array}$

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:
$\begin{array}{llr} \text {Year 1 } &\$80,000\\ \text {Year 2 } &\$85,000\\ \text { Year 3} &\$95,000\\ \text {Year 4 } &\$45,000\\\end{array}$
Considering the residual value is zero,calculate the payback period.Round to one decimal place