Beyer Company is considering the purchase of an asset for $220.000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year Bet cash flows Year $63,000 sar 2 $34,000 Year $63,000 Year 4 $150,000 $27,000 $337,000 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.) Cash Inflow Year S (Outflow) (220,000) 0 1 2 3 A 3 Payback pend Cumulative Net Cash Inflow (Outflow O Check my work