Chec Exercise 24-1 Payback period computation; uneven cash flows LO P1 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 Year 2 Year Year Year 5 Total Stet cash flows 353,000 $35.000 $64,000 $150,000 $26.000 5328,000 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) $ (230,000) Cumulative Net Cash Inflow (Outflow 0 1 2. 3 4 5 Payback period