Exercise 10-13A (Algo) Determining the payback period with uneven cash flows LO 10-4 Fanning Company has an opportunity to purchase a forkift to use in its heavy equipment rental business. The forkift would be leased on an anntual basis during its first two years of operation. Thereafter, it would be leased to the generai public on demand. Fanning wouid sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Required a.sb. Determine the payback period using the accumulated and average cash flows approaches Note: Round your answers to 1 decimal place