Beyer Company is considering the purchase of an asset for $350,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Net cash flows Year 1 $82,000 Year 2 $45,000 Year 3 Year 41 Year 5 $70,000 $180,000 $14,000 Total $391,000 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.) Cumulative Net Year Cash Inflow (Outflow) Cash Inflow (Outflow) 0 S (350,000) 1 21 3 4 5 Payback period= Co search O SAMSUNG