Cash Payback Period Nations Trust is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $380,000 and each with an eight-year life and expected total net cash flows of $608,000. Location 1 is expected to provide equal annual net cash flows of $76,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 $120,000 Year 2 90,000 Year 3 90,000 Year 4 80,000 Year 5 $57,000 Year6 57,000 Year 7 57,000 Year 8 57,000 Determine the cash payback period for both location proposals Location1 Location 2