Beyer Company is considering the purchase of an asset for $400,000. t is expected to produce the following net cash flows. The cash flows occur evenly within each year Year ear Net cash$8,000 s80,000 S70, 000 s200,000 $15,000 $445,000 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.) Cash inflow Year(Outflow) Cumulative Net Cash Inflow (Outflow) 400,000 0 S (400,000) 80,000 80,000 70,000 200,000 15,000