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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 $54,000 $4,000
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:
Year | Investment | Cash Inflow | |
1 | $54,000 | $4,000 | |
2 | $4,000 | $8,000 | |
3 | $16,000 | ||
4 | $17,000 | ||
5 | $20,000 | ||
6 | $18,000 | ||
7 | $16,000 | ||
8 | $14,000 | ||
9 | $13,000 | ||
10 |
|
1. | Determine the payback period of the investment. |
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