Janes Clothing Inc. is evaluating two capital investment proposals for a retail outlet, each requiring an investment of $975,000 and each with a seven-year life and expected total net cash flows of $1,050,000. Location 1 is expected to provide equal annual net cash flows of $150,000, and Location 2 is expected to have the following unequal annual net cash flows:

Year 1	$275,000		Year 5	$120,000
Year 2	225,000		Year 6	40,000
Year 3	180,000		Year 7	35,000
Year 4	175,000

Determine the cash payback period for both location proposals.

Location 1	___ years
Location 2	___ years