Check my work N Beyer Company is considering buying an asset for $360,000. It is expected to produce the following net cash flows. Year 1 $80,000 Year 2 $50,000 Year 3 $70,000 Year 4 $250,000 Year 5 $13,000 Net cash flows 10 points 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 places.) eBook Hint Year Cash Inflow (Outflow) Cumulative Net Cash Inflow (Outflow) Print Initial investment $ (360,000) References Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period =