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 4 Year 5 Year $82,000 45,000 $70,000 180,000 14,000 $391,000 Year 2 Year 3 Year Tota 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.) Cash inflow Outflow) Cumulative Net Cash Inflow Outflow) ear 0 S (350,000) 82,000 127,000 197,000 377,000 391,000 $(350,000) Payback period - 3.85 years