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Exercise 2 4 - 3 ( Algo ) Payback period and unequal cash flows LO P 1 Beyer Company is considering buying an asset for

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Exercise 24-3(Algo) Payback period and unequal cash flows LO P1
Beyer Company is considering buying an asset for $210,000. It is expected to produce the following net cash flow.
\table[[,Year 1,Year 2,Year 3,Year 4,Year 5],[Net cash flows,$64,000,$33,000,$62,000,$150,000,$28,000
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