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Please do not leave anything unanswered, and try as much as possible to reply in the same format as posted. thank you
1. value: points 10.00 Exercise 13-1 Payback Method [LO13-1J The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow $57,000 $3,000 $7,000 $6,000 $12,000 $13,000 $16,000 $14,000 $12,000 $10,000 $9,000 10 $9,000 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 NoStep by Step Solution
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