#1 need help fixing

Exercise 11-3 (Static) Payback period and unequal cash flows LO P1 Beyer Company is considering buying an asset for $180,000. It is expected to produce the following net cash flows. Year 1 $60,000 Year 2 $40,000 Year 3 $70,000 Year 4 $125,000 Year 5 $35,000 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.) Answer is complete but not entirely correct. 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.) Answer is complete but not entirely correct. Year Cash Inflow (Outflow) Cumulative Net Cash Inflow (Outflow) 0 x Initial investment S (180,000) $ Year 1 60.000 X 60,000 40,000 Year 2 100.000 x Year 3 70,000 170.000 X Year 4 125,000 295.000 X Year 5 35,000 330.000 x Total S 150,000 Payback period = 3.08 years