Solomon 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. Solomon would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Year 2018 Nature of Item Cash Inflow Cash Outflow Purchase price $90,600 2018 Revenue $37,000 2019 Revenue 37,000 2020 Revenue 26,000 2020 Major overhaul 9,400 2021 Revenue 23,000 2022 Revenue 21,000 2022 Salvage value 8,200 Required a.&b. Determine the payback period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.) Payback period (accumulated cash flows) years b. Payback period (average cash flows) [years