Exercise $26-3$ Payback period and unequal cash flows $$ P$1$

Beyer Company is considering buying an asset for $$180,000.$ It is expected to produce the following net cash flows. Compute the payback period for this investment.

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Net cash flows,$$60,000,$$$40,000,$$$70,000,$$$125,000,$$$35,000$