Unter Corporation, an architectural design firm, is considering an investment 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:

Determine the payback period of the investment.

Would the payback period be affected if the cash inflow in the last year were several times as large?