2 Exercise 11-3 (Static) Payback period and unequal cash flows LO P1 Beyer Company is considering buying an asset for $180.000. It is expected to produce the following net cash flows 3 points Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $69, eee $40,000 $70,000 $125,000 $35,000 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 places.) eBook Hint Year Net Cash Flows 5 (180.000) Cumulative Cash Flows Print Initial investment Yeart Year 2 Year 3 Year 4 Year 5 Total Payback period