Haukea Clothing Inc. is evaluating two capital investment proposals for a retail outlet, each requiring an investment of $980,000 and each with a 7-year life and expected total net cash flows of $1,225,000. Location 1 is expected to provide equal annual net cash flows of $175,000, and Location 2 is expected to have the following unequal annual net cash flows:

Year	Amount	Year	Amount
Year 1	$175,000	Year 5	$200,000
Year 2	180,000	Year 6	150,000
Year 3	200,000	Year 7	95,000
Year 4	225,000

Determine the cash payback period for both location proposals.

Location	Year
Location 1
Location 2