Calauiator Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash fows of $750,000. Proposal L is expected to provide equal annual net cash fhows of $125,000, while the net cash flows for Proposal K are as follows Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 100,000 $750,000 Determine the cash payback period for each ploposal. Round your Proposal K answer to one decimal place Cash Payback Period x years x years Proposal L Proposal K Previous Check My Work