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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

determine the payback period of the investment (round your answer to 1 decimal place.)

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