36. Proposals M and N each cost $600,000, have 6-year lives, and have expected total cash flows of $750,000. Proposal M is expected to provide equal annual net cash flows of $125,000, while the net cash flows for Proposal N are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $250,000 $200,000 $150.000 $ 75,000 S 50.000 $ 25,000 Determine the cash payback period for each proposal