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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

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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 Location 1 is expected to provide equal annual net cash flows of $30,000, and Location 2 $120,000 and each with an elght-year life and expected total net cash flows of $240,000. s expected to have the following unequal annual net cash flows: $54,000 Year 1 Year 5 $29,000 Year 2 41,000 Year 6 22,000 Year 3 25.000 Year 7 17,000 Year 4 38,000 Year 8 14,000 Determine the cash payback period for both location proposals. Location 1 years Location 2 years

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