Beyer Company is considering buying an asset for $350,000. It is expected to produce the following net cash flows.

	Year 1	Year 2	Year 3	Year 4	Year 5
Net cash flows	$82,000	$45,000	$70,000	$180,000	$14,000

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	$(350,000)
Year 1
Year 2
Year 3
Year 4
Year 5
Total
Payback period =