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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $58,000 $4,000

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

Year Investment Cash Inflow
1 $58,000 $4,000
2 $8,000 $8,000
3 $11,000
4 $14,000
5 $17,000
6 $15,000
7 $13,000
8 $11,000
9 $10,000
10 $10,000

Required:
1.

Determine the payback period of the investment

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