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 Year 1 $50,000 Year 2 $32,000 Year 3 $61.00 Year 4 $150,000 Years $29,000 Total $322,00 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.) Year Cash Intlow (Outflow) $ (200,000) Cumulative Net Cash Intlow (Outflow) nces 0 1 2 3 4 5 Payback period