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. Year 3 Year 5 Total Year 1 Year 2 Year 4 Net cash flows $90,000 $50,000 $70,000 $250,000 $11,00 $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.) Cumulative Net Cash Inflow Outflow) Year Cash inflow 0 $ (380,000) 3 4 5 Payback period