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Beyer Company is considering buying an asset for $270,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year Year 4 Year 5 Net cash flows $66,000 $39,000 567,690 $200,000 $22,000 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.) Year Net Cash Flows Cumulative Cash Flows 5 (270,000) Initial Investment Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period Year 3 Beyer Company is considering buying an asset for $270,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year 4 Net cash flows Year 5 $66,000 $39,000 $67,000 $200,000 $22,000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign Payback Period answer to 2 decimal places.) Year Net Cash Flows Cumulative Cash Flows $ (270,000) Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period