lane's Cothing Inc, is evaluating two capital investment proposals for a retall outlet, each requiring an itivestment of $180,000 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: Determine the cash payback period for both location proposals. Location1Location2yearsyears