Beyer Company is considering the purchase of an asset for $280,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year. Year 4 Year 5 Year 1 Year 2 Year 3 Total Net cash flows $68,000 $40,000 $74,000 $140,000 $21,000 $343,000 Compute the payback period for this investment