Year 2 Beyer Company is considering buying an asset for $190,000. It is expected to produce the following net cash flows Year 1 Year 3 Year 4 Year 5 Net cash flows $50,000 $31,000 $60,000 $140,000 $30,080 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 places.) Year Cash Inflow (Outflow) $ (190,000) Cumulative Net Cash Inflow (Outflow) Initial investment Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period = 1