Exercise 14-1 The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 50,000 2,000 2 4,000 $ 3 8,000 4 $ 7,000 5 $ 12,000 6 5,000 $ 7 8,000 8 5,000 9 4,000 10 4,000 Required: Determine the payback period in years. Round your answer in two decimal places. Example: 3.25