Insert Format Arrange View Share Window Help AEC340-CH04 PARTO1-Homework-Edited 125% + Zoom Add Page Insert Table Chart Text Shape Media Comment A dry-bean harvester requires an initial cash outlay of $250,000. The after-tax net cash flows from this harvester will be $60,000 during the first year, $50,000 for each of the second, third, and fourth years; and $30,000 for the fith, sixth, seventh, and eight years. In year eight, the harvester can be sold for an after-tax salvage value of $40,000. Calculate the payback period by using the following table. (Points: 25) 2. Cumulative Net Cash Flows Year Annual net cash flows 474 wor 17