Beyer Company is considering the purchase of an asset for $280,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 4 Year 5 Year 2 Year 3 Year 1 $68,000 $40,000 $74,000 $140,000 $21,000 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 0 (280,000) 2 4 Payback period