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The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows: Year
The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows: Year Investment Cash Inflow 1 $54,000 $5,000 2 $7,000 $10,000 3 $16,000 4 $17,000 5 $20,000 6 $18,000 7 $16,000 8 $14,000 9 $13,000 10 $13,000 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.)
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