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Beyer Company is considering the purchase of an asset for $270,000. It is expected to...

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Beyer Company is considering the purchase of an asset for $270,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year Year 1Year 2 Year 3 Year 4 Year 5 Total $66,000 $39,000 $67,000 $200,000 $22,000 $394,000 Net cash flows 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) Cumulative Net Cash Inflow (outflow) Cash inflow Year 0 (270.000) Payback period

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