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Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Net Cash Flows

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Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Net Cash Flows per Year Cumulative Net Cash Flows Initial investment $ (106,000) $ (106,000) 1. 10,600 2. 20,600 3. 20,600 (95,400) (74,800) (54,200) 4. 37,960 (16,240) 5. 40,600 24,360 6. 40,600 64,960 Payback period years

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