Haukea Clothing Inc. is evaluating two capital investment proposals for a retail outlet, each requiring an investment of $$150,000$ and each with an eight$-$year life and expected total net cash flows of $$240,000.$ Location $1$ is expected to provide equal annual net cash flows of $$30,000,$ and Location $2$ is expected to have the following unequal annual net cash flows:

Year Amount Year Amount

Year $1$ $$68,000$ Year $5$ $$22,000$

Year $251,000$ Year $616,000$

Year $331,000$ Year $713,000$

Year $429,000$ Year $810,000$

Determine the cash payback period for both location proposals.