Beyer Company is considering the purchase of an asset for $200,000 it is expected to produce the following net cash flows. The ca flows occur evenly within each year. Year 1 $50,000 Net cash flows Year 2 $32,000 Year 3 $61,000 Year 4 $150,000 Years $29.000 Total $322,000 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 Inllow (Outllow) 0 (200,000) 1 2 4 5 Payback period Exercise 24-7 Accounting rate of return LO P2 A machine costs $200,000 and is expected to yield an after-tax net income of $5,000 each year, Management predicts this machine has a 10-year service life and a $40,000 salvage value, and it uses straight-line depreciation Compute this machine's accounting rate of return Accounting Rate of Return Choose Denominator: Choose Numerator Accounting Rate of Return Accounting rate of retum