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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 $ 57,000
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:
| Year | Investment | Cash Inflow |
|---|---|---|
| 1 | $ 57,000 | $ 3,000 |
| 2 | $ 7,000 | $ 6,000 |
| 3 | $ 12,000 | |
| 4 | $ 13,000 | |
| 5 | $ 16,000 | |
| 6 | $ 14,000 | |
| 7 | $ 12,000 | |
| 8 | $ 10,000 | |
| 9 | $ 9,000 | |
| 10 | $ 9,000 |
Required:
1. Determine the payback period of the investment.
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
