Primera Banco is evaluating two capital investment proposals for a drive-up ATM kiosk, each requiring an investment of $350,000 and each with an eight-year life and expected total net cash flows of $400,000. Location 1 is expected to provide equal annual net cash flows of $50,000, and Location 2 is expected to have the following unequal annual net cash flows: Year 1 $126,000 Year 2 91,000 Year 3 60,000 Year 4 46,000 Year 5 27,000 Year 6 24,000 Year 7 17,000 Year 8 9,000 Determine the cash payback period for both location proposals. Location 1 years Location 2 years