Question

1)Beyer 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 throughout each year.
   Year 1Year 2Year 3Year 4Year 5Total  Net 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

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