Cash Payback Period RiverBend Wood is evaluating two capital investment proposals for a retail outlet store, each requiring an investment of $1,008,000 and each with a fivm year life and expected total net cash flows of $1,260,000. Location 1 is expected to provide equal annual net cash flows of $252,000, and Location 2 is expected to have the following unequal annual net cash flows: $403,000 Year 1 Year 2 373,000 Year 3 232,000 Year 4 176.400 Year 5 75,600 Determine the cash payback period for both location proposals. years Location 1 years Location 2