QS 24-4 (Algo) Payback period and unequal cash flows LO P1 Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Net Cash Flows Cumulative Net Year per Year Cash Flows Initial investment $ (113,000) $ (113,000) 1. 11,300 (101,700) 2. 21,300 (80,400) 3. 21,300 (59,100) 42,580 (16,520) 41,300 24,780 41,300 66,080 Payback period 42 years