Compute the payback period for an investment with the following net cash flows.Note: Round your answer to one decimal place.YearNet Cash Flows per YearCumulative Net Cash FlowsInitial investment$ $(116,000)$$ $(116,000)1\mathrm{.}11,600(104,400)2\mathrm{.}21,600(82,800)3\mathrm{.}21,600(61,200)4\mathrm{.}32,080(29,120)5\mathrm{.}41,60012,4806\mathrm{.}41,60054,080$