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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 $68,000 $7,000

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:

Year Investment Cash Inflow
1 $68,000 $7,000
2 $8,000 $14,000
3 $21,000
4 $22,000
5 $25,000
6 $23,000
7 $21,000
8 $19,000
9 $18,000
10 $18,000

Required:
1.

Determine the payback period of the investment

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