Beyer Company is considering the purchase of an asset for $370,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 Year 2 Year 3 Niet cash flows Year 4 Year 5 Total $86,000 $49,000 $70,000 $300,000 $12,000 $517,000 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 place.) Year Cash Inflow (Outflow) S (370,000) Cumulative Net Cash Inflow (Outflow) 0 1 2 4