Beyer Company is considering the purchase of an asset for $230,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year Year 1 $53,000 $35, 000 $64,000$150,000 $26,000 $328,000 Year 4 Year 5 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 place.) Cash inflow Cumulative Net Cash Inflow (Outflow) Year Outflow) (230,000) 4 Payback period