Cash payback period for a Service Company Prime Financial Inc. is evaluating two capital investment proposals for a drive-up ATM klosk, each requiring an investment of $175,000 and each with an eight-year life and expected total net cash flows of $280,000. Location 1 is expected to provide equal annual net cash flows of $35,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 $79,000 Year 5 $25,000 Year 2 60,000 Year 6 19,000 Year 3 36,000 Year 7 15,000 Year 4 34,000 Year 8 12,000 Determine the cash payback period for both location proposals. Location 1 years Location 2 years