RiverBend Wood is evaluating two capital investment proposals for a retail outlet store, each requiring an investment of $500,000 and each with a five-year life and expected total net cash flows of $625,000. Location 1 is expected to provide equal annual net cash flows of $125,000, and Location 2 is expected to have the following unequal annual net cash flows:

Year 1 .........$200,000
Year 2 ...........187,500
Year 3 ...........112,500
Year 4 .............87,500
Year 5 .............37,500

Determine the cash payback period for both location proposals.