11-1

Exercise 11-1 Payback period computation; uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $250,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year ear Tota Net cash flows $50,000 36,00 $68,000 $13e,eee $24,000 $300,08e Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.) Year Cash inflow Cumulative Net Cash Inflow 0 (250,000) Payback period -