Cash payback period for a Service Company Omni Financial Inc. is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $125,000 and each with an 8- year life and expected total net cash flows of $200,000. Location 1 is expected to provide equal annual net cash flows of $25,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 $49,000 Year 5 $26,000 Year 2 36,000 Year 6 21,000 Year 3 24,000 Year 15,000 Year 4 16,000 Year 8 13,000 Determine the cash payback period for both location proposals. Location 1 Location 2 years years 1 2 4 5 6 7 8