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Are these answers all correct? Assume a $140,000 investment and the following cash flows for two products Year Product X Product Y 1 $50,000 $70,000

Are these answers all correct?

Assume a $140,000 investment and the following cash flows for two products Year Product X Product Y 1 $50,000 $70,000 50,000 15,000 20,000 60,000 22,000 20,000 4 a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 3.40 years 3.25 years Product X Product Y b.Which alternative would you select under the payback method? Product Y is selected Product X is selected

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