The management of unter corporation an architectural design

Question

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

Year             Investment              Cash Inflow

1                     $65,000                  $5,000

2                     $5,000                    $10,000

3                                                  $20,000

4                                                  $22,000

5                                                  $25,000

6                                                  $23,000

7                                                  $21,000

8                                                  $19,000

9                                                  $18,000

10                                                 $18,000

Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.)