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.)