Beyer Company is considering the purchase of an asset for $230,000. t is expected to produce the following net cash flows. The cash flows occur evenly within each year Net cash flows $53,000 $35,000 $64,000 $150,000 $26,000 $328,000 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 place.) 814 Cumulative Net Cash infloW Outflow Cash Inflow Year (Outflow) (230,000) Payback period