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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows Cash Inflow $3,000 $6,000 $12,000 $13,000 $16,000

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The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows Cash Inflow $3,000 $6,000 $12,000 $13,000 $16,000 $10,000 $8,000 $10,000 $9,000 $9,000 $61,000 $ 5,000 10 Required 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.)

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