Cash Payback Perlod for a Service Company Jane's Clothing Inc, is evaluating two capital investment proposals for a retall outlet, each requiring an investment of $200,000 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: Determine the cash payback period for both location proposals. Location 1 Location 2 years tyears