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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows Year 2 4 6 8 10 Investment

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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows Year 2 4 6 8 10 Investment $61,000 $5,000 Cash Inflow $3,000 $6,000 $12,000 $13,000 $16,000 $10,000 $8,000 $10,000 $9,000 $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 No

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