estor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Annual Net Cash Flows Year 1 $40,000 Year 2 $40,000 Year 31 $35,000 Year 4 $35,000 Year 5 $30,000 Compute the payback period for this investment. Multiple Choice 2.85 years. 3.62 years. 3.00 years 2.50 years