Beyer Company is considering buying an asset for $250,000. It is expected to produce the following net cash flows. Net cash flows Year 1 $50,000 Year 2 $36,000 Year 3 $60,000 Year 41 $130,000 Year 5 $24,000 Compute the payback period for this investment. Note: Cumulative net cash outflows must be entered with a minus sign. Round your Payback Period answer to 2 decimal places. Cumulative Cash Year Net Cash Flows Flows Initial investment $ (250,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period