# 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 throughout each year. Compute the payback period for thisinvestment. Year Year 2 Year 3

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 throughout each year. Compute the payback period for thisinvestment.

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## Year Year 2 Year 3 Year 4 Year 5 Total Net cash flows S60,000 S40,000 70,000 S120,000 S38,000 S328,000 Payback Period vears

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