Check my work Beyer Company is considering the purchase of an asset for $370,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year 1.66 points Year 1 Year 2 $86,000 $49,000 $70,000 $300,000 $12,000 $517,000 Year 3 Year Year5 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.) eBook Hint Print References Cash inflow Outflow) Cumulative Net Cash Inflow Outflow) Year $ (370,000)$(370,000) 86,000 49,000 70,000 300,000 12,000 Payback period