Joes Silver and Project Gold each cost $500,000 and have 5-year lives. Proposal Silver is expected to provide equal annual net cash flows of $109,000, while the net cash flows for Proposal Gold are as follows:

Year 1	$150,000
Year 2	140,000
Year 3	110,000
Year 4	50,000
Year 5	50,000

Required: Determine the cash payback period for each proposal.

Proposal Silver Cash payback period ___________________________________

Proposal Gold Cash payback period____________________________________