Cash Payback period for a Service Company Jane's Clothing Inc. is evaluating two capital investment proposals for a retail outlet, each requiring an investment of $225,000 and each with an eight year life and expected total net cash flows of $360,000. Location 1 is expected to provide equal annual net cash rows of $45,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 588,000 Year 2 65,000 Years 43.000 Year 4 29.000 Year 47,000 Year 38,000 Year 27,000 Year 23.000 Outermine the cash ayback period for both location proposals. Location 1 years Location year