Exercise 10-13A (Algo) Determining the payback period with uneven cash flows LO 10-4 Walton Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter it would be leased to the general public on demand. Walton would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow Nature of ten Purchase price 596,200 539.000 Revenue Book Cash tatlow Cash Outflow Revenue Print Year Year 1 Year! Year 2 Year) Year Year 4 Year 5 Years 19,000 20.000 9,800 Revenue Major overhaul Revenue Revenue Salvage value 25,000 23,000 Required a.&b. Determine the payback period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.) years a. Payback period (accumulated cash flows) Payback period (average cash flows) years