Question
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $13,000 $1,000
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:
Year Investment Cash Inflow
1 $13,000 $1,000
2 $7,000 $2,000
3 $2,500
4 $4,000
5 $5,000
6 $4,000
7 $5,000
8 $4,000
9 $3,000
10 $2,000
What is the payback period? Please show all work.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
