=+Determine the cash payback period for both location proposals.

Gentle Care Products Company is considering an investment in one of two new product lines. The investment required for either product line is $500,000. The net cash flows associated with each product are as follows:

Year Liquid Soap Body Lotion 1 $190,000 $100,000 2 180,000 100,000 3 130,000 100,000 4 110,000 100,000 5 80,000 100,000 6 50,000 100,000 7 30,000 100,000 8 30,000 100,000 ________ _________ Total $800,000 $800,000 ________ ________ _________ _________