Exercise 11-1 Payback period computation; uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $240,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year Year 4 Year 5 Total Het cash flows $60,000 $36,000 560,000 $150,000 $25,000 $331,000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback period answer to 2 decimal place.) Year Cash Intlow Outflow) Cumulative Net Cash Inflow (Outflow) 0 $ 1240.000) 1 2 3 4 Paytak period