Exercise 24-1 Payback period computation; uneven cash flows LO P1 Beyer Company Is considering the purchase of an asset for $270,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 4 $66,000 $39,800 $67,000 $200,000 $22,000 $394,000 Year 3 Year 5 Total Net cash flows Compute the payback perlod for this Investment. (Cumuletive net cash outfiows must be entered with a minus sign. Round your Payback Perlod answer to 2 decimal place.) Cumulative Net Cash inflow (Outflow) Year Cash Inflow (Outflow) (270,000) 3. ces 4. Payback period