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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
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 S $17,000 6 $15,000 7 $13,000 8 $11,000 9 $10,000 10 $10,000 Required: Ignore income taxes. 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 was several times as large? O Yes O No
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