Coco Company is considering investing in an asset that has a purchase cost of $200,000. The asset is expected to provide the following net cash inflows over its 5 year useful life: Year 1: $90,000 Year 2:$80,000 Year 3:$45,000 Year 4: $58,000 Year 5: $62,000 What is the Payback Period (PBP) of this asset investment? Round your answer 2 decimals. 2.67 years 2.48 years 2.38 years 2.52 years Page 1 of 8