Assume a $100,000 investment and the following cash flows for two alternatives. The company uses a four-year threshold to decide if a project is acceptable or not. What are the paybacks for each and which alternative would you select under the payback method? Why?
									Investment Y			Investment Z
Year	Cash flow		Year	Cash flow
0	($100.000)		0	($100.000)
1	$8.500		1	$21.600
2	$16.900		2	$23.300
3	$27.400		3	$25.900
4	$30.000		4	$28.100
5	$31.300		5	$27.700