Exercise 25-1 Payback period computation; uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $400,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Total Year 1 Year 2 Year 3 $80,000 $80,000 $70,00 $200,000 $15,000 $445,000 Year 4 Year5 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 place.) Cumulative Net Cash Inflow (Outflow) Cash inflow Year (Outflow 0 %(400,000) 4 Payback period