Proposals L and K each cost $400,000, have 6-year lives, and have expected total cash flows of $600,000. Propos is expected to provide equal annual net cash flows of $100,000, while the net cash flows for Proposal Kare as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $150,000 100,000 100,000 50,000 75,000 125.000 $600,000 Determine the cash payback period for each proposal rounded to one decimal