Chapter 11 Homework 2 285 bon Exercise 11-1 Payback period computation; uneven cash flows LO P1 Beyer Company is considering the purchase of an asset for $220,000. It is expected to produce the following net cathows. The cash flows occur evenly within each year. Year Yara $63,000 $3,000 165.000 3150,000 127.000 5337,000 Sp Compute the payback period for this investment. (Cumulative net cash outflow must be entered with a minus sign. Round your Payback Period answer to 2 decimal place.) ce Year Cash Inflow Outnowl Cumulative Net Cash now (Outro) 5 0220 000) 1 2 3 4 5 Payback period