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 $160,000 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 Year1 $72,000 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 $38,000 29,000 22,000 20,000 54,000 34,000 51,000 Determine the cash payback period for both location proposals Location 1 Location 2 years years