3 Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment 1. 2. 3. 03:12:38 4. 5. 6. Net Cash Flows per Year $ (115,000) Cumulative Net Cash Flows $ (115,000) (103,500) (82,000) (60,500) 11,500 21,500 21,500 35,600 41,500 16,600 41,500 58,100 (24,900) Payback period years