accounting question for this.

Beyer Company is considering the purchase of an asset for $190,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash flows $50, 000 $31, 060 $60, 000 $140, 000 $30,000 $311, 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.) Cumulative Net Year Cash inflow (Outflow) Cash Inflow (Outflow) 0 $ (190,000) 1 2 3 5 Payback period =