The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows:Year Investment Cash Inflow1 $78,000 $5,000 2 $5,000 $10,000 3 $12,000 4 $15,000 5 $18,000 6 $16,000 7 $14,000 8 $12,000 9 $11,000 10 $11,000 Required:1. Determine the payback period of the investment. (Round your answer to 1 decimal place.)2. Would the payback period be affected if the cash inflow in the last year were several times as large?YesNo

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.