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The management of Unter Corporation, an architectural design firm, is considering an investment with the...

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Accounting

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

Year Investment Cash Inflow
1 $54,000 $4,000
2 $4,000 $8,000
3 $16,000
4 $17,000
5 $20,000
6 $18,000
7 $16,000
8 $14,000
9 $13,000
10
$13,000

1.

Determine the payback period of the investment.

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