Cash Payback Period Wyoming Woodworks is evaluating two capital investment proposals for a retail outlet store, each requiring an investment of $1,004,000 and each with a five-year life and expected total net cash flows of $1,255,000 Location 1 is expected to provide equal annual net cash flows of $251,000, and Location 2 is expected to have the following unequal annual net cash flows; Year 402,000 Year 2 371,000 Year 3 231,000 Year 4 Year s Determine the cash payback perlod for both location proposals. Location1 Location 2 176,200 74,800 years