Obj. 2 Jane's 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 2 225,000 Year 3 180,000 Year 4 175,000 Year 5 $120,000 Year 6 40,000 Year 7 35,000 Determine the cash payback period for both location proposals. LOCATLON 1: 6,5 YEARS