Stuart Company has an opportunity to purchase a forkift to use in its heavy equipment rental business. The forklift would be leased an annual basis during its first two years of operation. T it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: hereafter, it would be leased to the general public on demand. Stuart would sell Year Nature of Item Cash InflowCash outflow 2018 Purchase price 2018 Revenue 2019 Revenue $92,000 $37,500 37,500 26,500 2020 Revenue 2020 Major overhaul 2021 Revenue 9,500 2022 Revenue 21,500 8,300 2022 Salvage value 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) b. Payback period (average cash flows) vears Prex1 of 41 Next >