Zachary 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. Zachary would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow. Cash Inflow Cash Out Flow $97,6 Year Year 1 Year 1 Year 2 Year Your Year 4 Year 5 Years Nature of Iten Purchase price Revenue Revenue Revenue Major overhaul Revenue Revenue Salvace value $ 39,5ep 39,500 28,500 9,900 25,500 23. Seo 8,70e Required ho 0.8b. Determine the payback period using the accumulated and average cash flows approaches. (Round your answers to 1 decimal place.) years Payback Denoa (acumulated sath rows) Payback period (average cash flows