Please assist

Rundle 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 rst two years of operation. Thereafter, it would be leased to the general public on demand. Rundle would sell it at the end of the lth year of its useful life. The expected cash inows and outows follow: Year Nature of Iterl Cash Inflow Cash Dutflou Year 1 Purchase price $8?,800 Year 1 Revenue $36,300 Year 2 Revenue 36,300 Year 3 Revenue 25,300 Year 3 Major overhaul 9,200 Year 4 Revenue 22,300 Year 5 Revenue 23,300 Year 5 Salvage value 3,300 Required a.&b. Determine the payback period using the accumulated and average cash flows approaches. [Round your answers to 1 decimal place.) P ayb ack period {accu mulated cash ows) h. Payback period {average cash ows}