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I do not understand how to compute the payback period in this. I am doing it the right way like I was taught, but keep

I do not understand how to compute the payback period in this. I am doing it the right way like I was taught, but keep getting the wrong answer. Please help me figure out what the payback period is.

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Assignmen X Question 3 X ACTG 2020 x B The manag X Exhibit_14E x Exhibit_14 x y! course her x * Search Res X Homework X + X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... GAN HW14 i Saved Help Save & Exit Submit You received partial credit in the previous attempt. View previous attempt Check my work 3 3 The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 1 $42,000 $ 3,000 2 points $ 5,000 $ 6,000 3 $12, 000 4 $14,000 5 $16,000 eBook 6 $15,000 7 $13,000 Hint 8 $11, 000 9 $10,000 Print 10 $10, 000 Required: 1. Determine the payback period of the investment. 2. Would the payback period be affected if the cash inflow in the last year were several times as large? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Would the payback period be affected if the cash inflow in the last year were several times as large? Mc Graw Hill

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