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

Year Investment Cash flow

1 $51,000 $4,000

2 8,000 $8,000

3 $16,000

4 $17,000

5 $20,000

6 $18,000

7 $16,000

8 $14,000

9 $13,000

10 $13,000

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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 times as large? Yes or No