3 Check my work 2 10 points Beyer Company is considering buying an asset for $400,000. It is expected to produce the following net cash flows Year Year 2 Year 3 Year 4 Year 5 Net cash flows $80,000 $80,000 $70,000 $200,000 $15,000 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 Pint Year Cash Inflow (Outflow) $ (400,000) Cumulative Not Cash Inflow (Outflow) References Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period