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25. Assume a $240,000 investment and the following cash flows for two products: Year 2 3 4 Product X $80,000 60,000 70,000 50,000 Product Y
25. Assume a $240,000 investment and the following cash flows for two products: Year 2 3 4 Product X $80,000 60,000 70,000 50,000 Product Y $80,000 90,000 60,000 40,000 a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) years Product X Product Y years b.Which alternative would you select under the payback method? Product Y is selected O Product X is selected
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