Exercise 11-3 (Algo) Payback period and unequal cash flows LO P1 Beyer Company is considering buying an asset for $270,000. It is expected to produce the following net cash flows. Net cash flows Year 1 $66,000 Year 2 $39,000 Year 3 $67,000 Year 4 $200,000 Year 5 $22,000 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 places.) Year Net Cash Flows Cumulative Cash Flows Initial investment $ (270,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period