Cash payback period for a Service Company Prime 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 eight-year life and expected total net cash flows of $200,00o. 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: $56,000 $18,000 Year 1 Year 5 43,000 Year 2 Year 6 14,000 Year 3 26,000 Year 7 11,000 Year 4 Year 8 24,000 8,000 Determine the cash payback period for both location proposals. Location 1 years Location 2 years