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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year InvestmentCash Inflow $58,000 $8,000 $4,000 $8,000

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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year InvestmentCash Inflow $58,000 $8,000 $4,000 $8,000 $11,000 $14,000 $17,000 $15,000 $13,000 $11,000 $10,000 $10,000 2 3 4 6 7 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) Payback period years 2. Would the payback period be affected if the cash inflow in the last year were several times as large? Yes

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