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 $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 flows of $45,000, and Location 2 is expected to have the following unequal annual net cash flows: Year $101,000 Year 2 77,000 Year 5 $32,000 Year 6 24,000 Year 1$101,000 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 $32,000 24,000 19,000 17,000 77,000 47,000 43,000 Determine the cash payback period for both location proposals years Location1 years Location 2