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Beyer Company is considering buying an asset for $210,000. It is expected to produce the following net cash flows. Net cash flows Year 1

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Beyer Company is considering buying an asset for $210,000. It is expected to produce the following net cash flows. Net cash flows Year 1 $64,000 Year 2 $33,000 Year 3 $62,000 Year 4 $150,000 Year 5 $28,000 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 Net Cash Flows Cumulative Cash Flows Initial investment $ (210,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period=

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