Exercise $14-1($Static$)$ Payback Method $[$LO$14-1]$

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

Year Investment Cash Inflow

$1$ $ $15,000$ $ $1,000$

$2$ $ $8,000$ $ $2,000$

$3$ $ $2,500$

$4$ $ $4,000$

$5$ $ $5,000$

$6$ $ $6,000$

$7$ $ $5,000$

$8$ $ $4,000$

$9$ $ $3,000$

$10$ $ $2,000$

Required:

Determine the payback period of the investment.

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