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The management of Unter Corporation is considering an investment with the following characteristics: Year Investment Cash Inflow 1 $ 6,000 5,000 4,000 3,000 4,000 5,000
The management of Unter Corporation is considering an investment with the following characteristics: Year Investment Cash Inflow 1 $ 6,000 5,000 4,000 3,000 4,000 5,000 2,000 3,000 2,000 2,500 234567890 10 $15,000 8,000 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.) Payback period years
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