Exercise 13-5 Payback Method [LO5]

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

YearInvestmentCash Inflow1$61,000$3,0002$5,000$6,0003$12,0004$13,0005$16,0006$10,0007$8,0008$10,0009$9,00010$9,000

Required:

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

Exercise 13-5 Payback Method [L05] The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $61,000 $3,000 $5,000 $6,000 $12,000 $13,000 $16,000 $10,000 $8,000 $10,000 $9,000 $9,000 GOONQLHHLWN ,_r C) Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) -years