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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows $53,000 $3,000 3 $3,00$$5.000 $14,000 $15,000 $18,000

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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows $53,000 $3,000 3 $3,00$$5.000 $14,000 $15,000 $18,000 $16,000 $14,000 $12,000 $11,000 $11,000 6 10 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) years Would the payback period be affected it the cash inflow in the last year were several times as large? O Yes No

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