Exercise 24-3 (Algo) Payback period and unequal cash flows LO P1 Beyer Company is considering buying an asset for $360,000. It is expected to produce the following net cash flows, Year 1 Year 2 Year 3 Year 4 Year 5 Net cash flows $80,000 $50,000 $70,000 $250,000 $13,000 Compute the payback period for this investment. (Cumulative net cash outletst be entered with a minus sign. Round your Payback Period answer to 2 decimal places.) Year Cash Inflow (Outflow) $ (360,000) Cumulative Net Cash Intlow (Outflow) Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period