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Beyer Company is considering the purchase of an asset for $180,000. It is expected to...

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Accounting

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Beyer Company is considering the purchase of an asset for $180,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1 $60,000 Net cash flows Year 2 $40,000 Year 3 $70,000 Year 4 $125,000 Year 5 $35,000 Total $330,000 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 Cumulative Net Cash Inflow (Outflow ) 0 5 (180,000) 1 2 3 4 5 Payback period

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