A project manager is using the payback method to make the final decision on which project to undertake. What is the non-discounted payback of a project that has cash flows as shown in the table? Make calculations to 3 decimal points. The answer should be given with three decimal points. The Payback period is _________ years. What is the rate of return?

Year	Cash Flow
0	-$300,000
1	$60,000
2	$70,000
3	$120,000
4	$200,000