Homework 1 Beyer Company is considering the purchase of an asset for $380,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year Net cash flows Year 1 $90,000 Year 2 $50,000 Compute the payback period for this investment. Year 3 $60,000 Year 4 $230,000 Year 5 $64,000 Total $494,000 Homework 2 Beyer Company is considering the purchase of an asset for $250,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Net cash flows Year 1 $80,000 Year 2 $110,000 Year 3 $70,000 Year 4 $90,000 Year 5 $50,000 Total $400,000 Assume that Beyer requires a 12% return on its investments. Compute the net present value of this investment. Should Beyer accept the investment?