Beyer Company is considering the purchase of an asset for $210,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 $ 64,000 Year 2 $33,000 Year 3 $62,000 Year 4 $150,000 Year 5 $28,000 Tota $337, 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.) Answer is not complete. Year Cash inflow (Outflow) O $ (210,000) 64,000 33,000 62,000 150,000 28,000 127,000 Cumulative Net Cash Inflow (Outflow) $ (210,000) (146,000) (113,000) (51,000) 99,000 127,000 $ Payback period =