nations trust is evaluating two capital investment proposals for the drive-up

nations trust is evaluating two capital investment proposals for the drive-up atm kiosk each requiring an investment of $320000 and each with an eight-year
life and expected total net cash flows of $512000. location 1 is expected to provide equal annual net cash flows of $64000 and location 2 is expected to have
the floowing unequal annual net cash flow.

year 1 $110000

year 2 $80000

year 3 $70000

year 4 $60000

year 5 $48000

year 6 $48000

year 7 $48000

year 8 $48000

determine the cash payback period for both location proposals.