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Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) begin{tabular}{|c|c|c|} hline Year & NetCashFlowsperYear

image text in transcribed Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) \begin{tabular}{|c|c|c|} \hline Year & NetCashFlowsperYear & CumulativeNetCashFlows \\ \hline Initial investment & $(119,000) & $(119,000) \\ \hline 1. & 11,900 & (107,100) \\ \hline 2. & 21,900 & (85,200) \\ \hline 3. & 21,900 & (63,300) \\ \hline 4. & 50,730 & (12,570) \\ \hline 5. & 41,900 & 29,330 \\ \hline 6. & 41,900 & 71,230 \\ \hline \end{tabular} Payback period years

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