Exercise 11-1 Payback period computation: uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $310,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. 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 places.)