41 Beyer Company is considering the purchase of an asset for $220,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year, Net cash flows Year 1 $63,000 Year 2 $34,000 Year 3 Year 4 $63,000 $150,000 Year S $27,000 Total $337,000 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 place.) Cash Inflow Year (Outflow) Cumulative Net Cash Inflow (Outflow) 0 $ (220,000) 1 2 3. 4 5 Payback period =