Franklin 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. Franklin would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow 2018 Purchase price 86,800 $33, 500 3,500 28,500 2019 2020 Revenue 2020 Major overhaul 2021 2022 Revenue 2022 Salvage value 8,700 19,500 17,500 7,500 Required ack period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.) lated cash flows) b. Payback