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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 $73,000 $6,000
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: |
Year | Investment | Cash Inflow |
1 | $73,000 | $6,000 |
2 | $6,000 | $12,000 |
3 | $20,000 | |
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. (Round your answer to 1 decimal place.) | ||||||||||
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