Exercise 24-1 Payback period computation; uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $210,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year Year 1 Year 2 Year 3 $64,000 $33,000 $62,000 $150,000 $28,000$337,000 Year 4Year 5 Total Net cash flows 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.) Cash inflow Cumulative (outflow) Year Cash Inflow (outflow) $(210,000) Payback period