Janes Clothing Inc. is evaluating two capital investment proposals for a retail outlet, each requiring an investment of $225,000 and each with an eight-year life and expected total net cash flows of $360,000. Location 1 is expected to provide equal annual net cash flows of $45,000, and Location 2 is expected to have the following unequal annual net cash flows:

Year 1	$88,000
Year 2	65,000
Year 3	43,000
Year 4	29,000
Year 5	47,000
Year 6	38,000
Year 7	27,000
Year 8	23,000

Determine the cash payback period for both location proposals.

Location 1	12345678 years
Location 2	12345678 years