Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $750,000. Proposal L is expected to provide equal annual net cash flows of $125,000, while the net cash flows for Proposal K are as follows:

Year 1 $250,000 Year 2 200,000 Year 3 100,000 Year 4 90,000 Year 5 60,000 Year 6 50,000 $750,000

Determine the cash payback period for each proposal. Round your Proposal K answer to one decimal place.

Cash Payback Period Proposal L ______ years Proposal K______ years