Haukea Clothing Inc. is evaluating two capital investment proposals for a retail outlet, each requiring an investment of $140,000 and each with an eightyear life and expected total net cash flows of $280,000. Location 1 is expected to provide equal annual net cash flows of $35,000, 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 years