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 $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: Year 1 $78,000 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 $42,000 34,000 24,000 20,000 58,000 38,000 26,000 Determine the cash payback period for both location proposals Location 1 Location2 years years