Omni Financial Inc. is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $280,000 and each with an 8-year life and expected total net cash flows of $448,000. Location 1 is expected to provide equal annual net cash flows of $56,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 $42,000 42,000 42,000 42,000 Determine the cash payback period for both location propoYear 3 $84,000 70,000 70,000 56,000 Year 4 Location 1 Location 2 Year 5 Year 6 Year 7 Year 8 years years

present value of $8,000 to be received at the end of 6 years if the required rate of return is 15% ? Below is the table for the present value of $1 at compound interest of 15%. Below is the table for the present value of an annuty of $1 at compound interest of 15%. Use the tables above