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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 15000 1000

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

Year Investment Cash Inflow

1 15000 1000

2 8000 2000

3 2500

4 4000

5 5000

6 6000

7 5000

8 4000

9 3000

10 2000

1.Determine the payback period of the investment.

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