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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 $ (111,000) $ (111,000) 1. 11,100 (99,900) 2. 3. 4. 21,100 (78,800) 21,100 (57,700) 20,710 (36,990) 41,100 4,110 41,100 45,210 Payback period years

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