Exercise $24-3($Algo$)$ Payback perlod and unequal cash flows LO P$1$

Beyer Company is considering buying an asset for $$290,000.$ It is expected to produce the following net cash flows.

Compute the payback period for this investment. $($Cumulatlve net cosh outflows must be entered with a minus sign. Round your

Payback Perlod answer to $2$ decimal places.$)$