Beyer Company is considering the purchase of an asset for $200,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year, Year 1 $50,000 Year 2 $32,000 Year 3 $61,000 Net cash flows Year 4 $150,000 Year $29.000 Total $322.099 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.) Year Cash Inflow (Outflow) Cumulative Net Cash Inflow (Outflow) $ (200,000) Payback period