Beyer Company is considering buying an asset for $180,000. It is expected to produce the following net cash flows. Year 1 $60,000 Net cash flows Year 2 $40,000 Year 3 $70,000 Year 4 $125,000 Year $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.) Year Cash Inflow (Outflow) Cumulative Net Cash Inflow (Outflow) $ (180,000) Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period =