Cash Payback Period Primera Banco is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $308,000 and each with an eight-year life and expected total net cash flows of $352,000. Location 1 is expected to provide equal annual net cash flows of $44,000, and Location 2 is expected to have the following unequal annual net cash flows:

Year 1 $120,000

Year 2 :89,000

Year 3 :59,000

Year 4 :40,000

Year 5 :15,000

Year 6 :12,000

Year 7 :9,000

Year 8 :8,000

Determine the cash payback period for both location proposals

Location 1	_____years
Location 2	_____ years