Compute the payback period for an investment with the following net cash flows. Note: Round your answer to one decimal place. Year Initial investment Net Cash Flows per Year $ (113,000) Cumulative Net Cash Flows $ (113,000) 1. 2. 3. 4. 5. 6. 11,300 (101,700) 21,300 (80,400) 21,300 (59,100) 42,580 (16,520) 41,300 24,780 41,300 66,080 Payback period 4.9 years