Beyer Company is considering the purchase of an asset for $270,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year Total Year 1 Year 2 $39,0 $67,000 $20,000 Year 3 Year 4 Year 5 $22,000$394,000 Net cash flows 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.) Cumulative Net Cash Inflow Outflow) Year Cash inflow Year(Outflow 0 (270,000) (270,000) 4 Payback period