Parker Propulsion Company is analyzing a new project that has a projected initial cost of $175,000.The projected cash inflows for the four-year life of the project are $56,400, $61,800, $72,000 and $75,000 respectively.Parker requires a payback period of 2.5 years or less on all its projects.Based on the information gathered, this proposed project has a payback period of _________ years and Parker should ____________ the project.