Saved Help Beyer Company is considering buying an asset for $250,000. It is expected to produce the following net cash flows 1 Net cash flows 01:57:17 Year 1 $50,000 Year 2 $36,000 Year 3 $60,000 Year 4 $130,000 Year 5 $24.000 Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus Payback Period answer to 2 decimal places.) Year Net Cash Flows Cumulative Cash Flows Initial investment $ (250,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period= Prev 1 of 9 Next >