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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment $30,000 $ 3,000 Cash Inflow

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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment $30,000 $ 3,000 Cash Inflow $1,000 $2,000 $4,000 $5,000 $8,000 $6,000 $4,000 $2,000 $1,000 $1,000 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) Payback period years

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