Beyer Company is considering buying an asset for $230,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $53,000 $35,000 $64,000 $150,000 $26,000 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