Beyer Company is considering the purchase of an asset for $360,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Year 4 Year 5 Year1 $80,000 $50,000 $70,000 $250,000 $13,000 $463,000 Year 2 Year 3 Total 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 places.) Cumulative Net Cash Inflovw (outflow) Cash inflow Year (outflow 0 $ (360,000) 2 3 4 Payback period