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Assume a $100,000 investment and the following cash flows for two alternatives. Year Investment X $30,000 35,000 25,000 20,000 15,000 Investment Y $50,000 40,000 30,000

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Assume a $100,000 investment and the following cash flows for two alternatives. Year Investment X $30,000 35,000 25,000 20,000 15,000 Investment Y $50,000 40,000 30,000 a. Calculate the payback for investment X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Investment X years years Investment Y b. Which alternative would you select under the payback method? Investment X Investment Y

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