The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $ 69,000 $ 4,000 2 $ 9,000 $ 8,000 3 $ 9,000 4 $ 10,000 5 $ 13,000 6 $ 11,000 7 $ 14,000 8 $ 12,000 9 $ 11,000 10 $ 11,000 Required: 1. Determine the payback period of the investment. 2. Would the payback period be affected if the cash inflow in the last year were several times as large?
