I would like an explanation to the payback period please thank you.

Edit View History Bookmarks Profiles Tab Window Help Bb Welcome, ABI( X Dashboard x + Instant Mom - X small bedroom x Netflix 41 X Question 18 - X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.m YouTube Maps Bb Announcements -... W EXAM 4 Chap 9,10&11 i Saved 8 Beyer Company is considering buying an asset for $180,000. It is expected to produce the following net cash flows. Year 1 Year 2 Year 3 Year 4 Year 5 eBook Net cash flows $60, 000 $40, 000 $70 , 000 $125 , 000 $35 , 000 Hint Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. R Payback Period answer to 2 decimal places.) Print References Year Net Cash Flows Cumulative Cash Flows Initial investment $ (180,000) $ 180,000) Year 60,000 (120,000) Year 2 40,000 80,000) Year 3 70,000 10,000) Year 4 25,000 115,000 Year 5 35,000 150,000 Total $ 50,000 Payback period = Mc Hill MacBook Air