Cash Payback Peilod for a Service Compary Jane's Ciothing Inc. is evaluating two capital imvestment proposals for a retail outlet, each requiring an investment of $200,000 and each with an eight-year life and expected total nel cash flows of \$320,000. Location 1 is expected to provide equal annual net cash flows of 540,000 , and Location 2 is expected to have thefollowing uaequal annual net cash flows: Determien the cash paybac period for both location proposals. Location 1 years Location 2 Years