Beyer Company is considering the purchase of an asset for $230,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash flows $53, eee $35,800 $ 64, eee $150,00 $26,00 $328,600 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Perlod answer to 2 decimal place.) Year Cash Inflow (Outflow) S (230,000) Cumulative Net Cash Inflow (Outflow) 0 1 N 3 4 5 Payback period =