Exercise 24-1 Payback period computation; uneven cash flows LO P1Beyer Company is considering the purchase of an asset for $270,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Year 1Year 2Year 3Year 4Year 5TotalNet cash flows $66,000 $39,000 $67,000 $200,000 $22,000 $394,000 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.)