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Assume a $105,000 investment and the following cash flows for two alternatives Year 1 2 3 Investment X $30,000 25,000 Investment y $40,000 30,000 35,000

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Assume a $105,000 investment and the following cash flows for two alternatives Year 1 2 3 Investment X $30,000 25,000 Investment y $40,000 30,000 35,000 20,000 30,000 10,000 Calculate the payback period for investment and investment Y (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Investment X Investment y Payback period years years Which of the alternatives would you select under the payback method? Investment Investment y

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