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. Net cash flows Year 1 $50,000 Year 2 $32,000 Year 3 Year 4 Year 5 $61,000 $150,000 $29,000 Total $322,000 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 Cumulative Net Cash Inflow (Outflow) (Outflow) 0 $ (200,000) 1 2 3 45 Payback period