Beyer Company is considering buying an asset for $400,000. It is expected to produc Year 1 Year 2 Year 3 Year 4 Year Net cash flows $80, 000 $80, 000 $70, 000 $200, 000 $15, Compute the payback period for this investment. (Cumulative net cash outflows must your Payback Period answer to 2 decimal places.) X Answer is not complete. Year Net Cash Cumulative Flows Cash Flows Initial investment $ (400,000) $ (400,000) Year 1 80,000 320,000 X Year 2 80,000 240,000 X Year 3 70,000 170,000 X Year 4 200,000 (30,000) X Year 5 15,000 (45,000) X Total Payback period =