Proposals M and N each cost $550,000, have six-year lives, and have expected total cash flows of $750,000. Proposal M is expected to provide equal annual net cash flows of $125,000, while the net cash flows for Proposal N are as follows:?? 
Determine the cash payback period for each proposal.
Definitions:
Annual Net Income
Annual Net Income refers to the amount of money earned in one fiscal year after all expenses and taxes have been subtracted.
Partnership
A legal form of business operation between two or more individuals who share management and profits or losses.
Urban Roads
Roads located within cities and towns, often characterized by higher traffic volumes and varying degrees of complexity in their network.
Open Road
Often used metaphorically to represent freedom and the journey of life; in a literal sense, it refers to a clear, unobstructed roadway.
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