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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 $61,000 $3,000 2 $5,000 $6,000 3 $12,000 4 $13,000 5 $16,000 6 $10,000 7 $8,000 8 $10,000 9 $9,000 10 $9,000 Required: 1. Determine the payback period of the investment. (Round your answer to 1 decimal place.)

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