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Business, 24.06.2020 18:01 phowhim40

The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow
1 $59,000 $5,000
2 $9,000 $10,000
3 $20,000
4 $21,000
5 $24,000
6 $22,000
7 $20,000
8 $18,000
9 $17,000
10 $17,000

Required:
a. Determine the payback period of the investment.
b. Would the payback period be affected if the cash inflow in the last year were several times as large?

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