The Baston Red Sox is evaluating two projects Project Bench and Project Batting Cage. Project Bench has an initial investment of $130,000 and project Batting Cage has an initial investment of $800,000. The cash flows for each project are provided below. The Red Sox has a maximum acceptable payback period of 3 years. Calculate payback period and use it to indicate which project, if any, is acceptable. Keep TWO decimal places - 0.00

	Project Batting Cage	Project Bench
Year 1	$60,000	$140,000
Year 2	$60,000	$200,000
Year 3	$60,000	$330,000
Year 4	$60,000	$450,000
Year 5	$60,000	$500,000