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Exercise 13-1 Payback Method LO13-1 The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows ear Investment
Exercise 13-1 Payback Method LO13-1 The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows ear Investment Cash Inflow $73,000 6,000 $6,000 12,000 20,000 $22,000 25,000 23,000 21,000 $19,000 18,000 18,000 6 10 Required 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) Payback period years 2. Would the payback period be affected if the cash inflow in the last year were several times as large? O Yes O No
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