(Answered) Problem - beyer company is considering the purchase of an

Accounting

Problem - Beyer Company is considering the purchase of an asset for $380,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year.

	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Net Cash flows	$90,000	$50,000	$70,000	$250,000	$11,000	$471,000

Compute the payback period for this investment.

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