1.

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:

Year	Investment	Cash Inflow
1	$76,000	$5,000
2	$3,000	$10,000
3		$18,000
4		$19,000
5		$22,000
6		$20,000
7		$18,000
8		$16,000
9		$15,000
10		$15,000

Required:
1.	Determine the payback period of the investment. (Round your answer to 1 decimal place.)

2.

Would the payback period be affected if the cash inflow in the last year were several times as large?

	Yes
	No