Help Save & Exit Submit 6 Check my work Jordan Company has an opportunity to purchase a forklift to use in its heavy on an annual basis during its first two years of operation. Thereafter, it would be leased to the general would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow equipment rental business. The forklift would be leased 3.75 points Cash Outflow $89,600 Year Nature of Item Cash Inflow 2018 Purchase price 2018 Revenue 2019 Revenue 2020 Revenue 2020 Major overhaul 2021 Revenue 2022 Revenue 2022 Salvage value eBook Hint References $34,500 34,580 29,500 8,900 20,500 18,500 7,708 Required a.&b. Determine the payback period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.) a. Payback period (accumulated cash flows) Mc 06 PM 2021 Revenue 2822 Revenue 2022 Salvage value 7,700 20,500 18,500 eBook Hint References Required a.8b. Determine the payback period using the accumulafed and average cash flows approaches. (Round your answers to 1 decimal place.) a. Payback period (accumulated cash flows) b. Payback period (average cash flows) years ea Mc SANMSUN