The management of Weimar Inc
Question:
The management of Weimar, Inc., a civil engineering design company, is considering an investment in a high-quality blueprint printer with the following cash flows:
Year Investment Cash Inflow
1 $54,000 $5,000
2 $7,000 $10,000
3 $16,000
4 $17,000
5 $20,000
6 $18,000
7 $16,000
8 $14,000
9 $13,000
10 $13,000
Required:
1.
Determine the payback period of the investment. (Round your answer to 1 decimal place.)
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