Beyer Company is considering the purchase of an asset for $400,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Net cash flows Year 1 $80,000 Year 2 $80,000 Year 3 $70,000 Year 4 $200,eee Year 5 $15, eee Total $445,000 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.) Year Cash inflow (Outflow) Cumulative Net Cash Inflow (Outflow $ (400.000) Payback period