Cash payback period for a service company

Haukea Clothing Inc. is evaluating two capital investment proposals for a retail outlet,

each requiring an investment of $$200,000$ and each with an eight$-$year life and expected

total net cash flows of $$320,000.$ Location $1$ is expected to provide equal annual net

cash flows of $$40,000,$ and Location $2$ is expected to have the following unequal annual

net cash flows:

Determine the cash payback period for both location proposals.

Location $1$

Location $2$

years

years