Compute the payback period for an Investment with the following net cash flows. ( Year Initial investment Net Cash Flows per Year $ (110,000) Cumulative Net Cash Flows $ (110,000) 1. 2. 3. 4. 5. 6. 11,000 (99,000) 21,000 (78,000) 21,000 (57,000) 24,200 (32,800) 41,000 8,200 41,000 49,200 Payback period years