Prime Financial Inc. is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $100,000 and each with an eight-year life and expected total net cash flows of $200,000. Location 1 is expected to provide equal annual net cash flows of $25,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 $45,000 Year 5 $24,000 Year 2 34,000 Year 6 18,000 Year 3 21,000 Year 7 14,000 Year 4 32,000 Year 8 12,000 Determine the cash payback period for both location proposals. Location 1 years Location 2 years