1 Exercise 24-1 Payback period computation; uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $310,000. It is expected to produce the following net flows occur evenly within each year. 1.42 points Year 1 $80,000 Year 2 $40,000 Year 3 $70,000 Year 4 $250,000 Net cash flows Year 5 $18,000 Total $458,000 02:24:03 Skipped Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus Payback Period answer to 2 decimal place.) eBook Hint Year Cumulative Net Cash Inflow Cash Inflow (Outflow) (Outflow) $ (310,000) Print 0 References 1 2 3 4 5 Payback period =