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

Required:

Determine the payback period of the investment.

Would the payback period be affected if the cash inflow in the last year were several times as large?

Complete this question by entering your answers in the tabs below.

Determine the payback period of the investment. $($Round your answer to $1$ decimal place.$)$

Pavback Deriod

vears

The Foundational $15($Algo$)[$LO$12-1,$ LO$12-2,$ LO$12-3,$ LO$12-5,$ LO$12-6]$

$[$The following information applies to the questions displayed below.$]$

Cardinal Company is considering a five$-$year project that would require a $$2,810,000$ investment in equipment with a

useful life of five years and no salvage value. The company's discount rate is $16\%.$ The project would provide net operating

income in each of five years as follows:

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Foundational $12-6($Algo$)$

What is the project's internal rate of return?