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 $200,000. 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 7	15,000
Year 4	16,000		Year 8	13,000

Determine the cash payback period for both location proposals.

Location 1 (	) years
Location 2 (	) years

1-8 years are the answer options are the options given.