4) A company has the option to put a vending machine in one of two locations. The initial investment for the machine's $370,000 and the machine has an eight-year life. The machine is expected to net cash flows of $740,000 over the eight years. Location 1 is expected to provide equal annual net cash flows of $92,500. Location two is expected to have the following unequal annual net cash flows: I Year 1 Year 2 Year 3 Year 4 $150,000 $120,000 $100,000 $74,000 Year 5 Year 6 Year 7 Year 8 $74,000 $74,000 $74,000 $74,000 Required: Using the methods shown in your Practice Problems, determine the cash payback period for both location proposals