Beyer Company is considering the purchase of an asset for $380,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Net cash flows Year 1 $90,000 Year 2 $50,000 Year 3 $70,000 Year 4 $250,000 Year 5 $11,000 Total $471,000 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) 0 $ (380,000) Payback period =