a Cash Payback period for a Service Company Chinook Industries Inc. is evaluating two capital investment proposals for a retall outlet, doch requiring an investment of $125,000 and each with an eight-year life and expected total net cash flows of $200,000. Location 1 is expected to provide equat annual net cash flows of $25,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 Year 2 Year 3 $49,000 36,000 24,000 16,000 Year 4 Year 5 Year 26,000 21,000 15,000 13,000 Year Year 8 Determine the cash payback period for both location proposals Location 1 years Location 2 years