Exercise 11-3 (Static) Payback perlod 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 Year 2 Year 3 Year 4 Year 5 Net cash flows $60, 808 $40, 080 $70, 890 $125,208 $35, 20e Compute the payback period for this investment. (Cumulative net cash outflows must be entered with a minus sign. Round your Payback Perlod answer to 2 decimal places.) Year Net Cash Flows Cumulative Cash Flows Initial investment (180,000) Year 1 Year 2 Year 3 Year 4 Year 5 Total Payback period =