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Exercise 13-1 Payback Method [LO013-1] The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment

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Exercise 13-1 Payback Method [LO013-1] The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow $1,000 $2,000 $2,500 $4,000 $5,000 $6,000 $5,000 $4,000 $3,000 $2,000 $15,000 $ 8,000 1. Determine the payback period of the investment. Round your answer to 1 decimal place.) ayback years 2. Would the payback period be affected if the cash inflow in the last year were several times as large? Yes No

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