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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 $53,000 $3,000
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $53,000 $3,000 2 $3,000 $6,000 3 $14,000 4 $15,000 5 $18,000 6 $16,000 7 $14,000 8 $12,000 9 $11,000 10 $11,000 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) 2. Would the payback period be affected if the cash inflow in the last year were several times as large? Yes No
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