Saved Help Save & Ex Che Exercise 11-1 Payback period computation; uneven cash flows LO P Beyer Company is considering the purchase of an asset for $220,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year Year 2 Year 3 Year 4Year 5Total Net cash flows $63,000 $34,000 $63,000 $150,000 $27,000 $337,000 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 place.) Net Cash inflow Year Cash Inflow Outflow) $ (220,000) Payback period