1) You have the following information on a project's cash flows.

Year	Cash flows
0	-$118,000
1	24,000
2	31,000
3	35,000
4	75,000
5	55,000

The project's payback is ____ years. Round it to two decimal places.

2) You have the following information on a project's cash flows. The project's required rate is 12.5%.

Year	Cash flows
0	-$80,000
1	18,000
2	28,000
3	35,000
4	68,000

The project's profitablity index is ____ . Round it to two decimal places.