Beyer Company is considering the purchase of an asset for $370,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Net cash flowS Year 1 $86,000 Year 2 $49,000 Year 3 $70,000 Year 4 $300,000 Year 5 $12,000 Total $517,000 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 (370,000) Payback period