Beyer Company is considering buying an asset for $380,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $90,000 $50,000 $70,000 $250,000 $11,000 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