Pendleton Products has a project requiting an initial cash investment of $3,000. The project is expected to return $1,000 each period for the next 5 periods, and it has a discount rate of 2%. 1. Determine how long it will take, if at all, for the project to have a positive payback. Present value formula: Present value =(1+r)pCashreceived, where r= rate and p=# of periods. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 2. During which period will there be a positive payback