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Assume a $150,000 investment and the following cash flows for two products Year Product X Product Y 1 $40,000 $60,000 50.000 3 60,000 20,000 4

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Assume a $150,000 investment and the following cash flows for two products Year Product X Product Y 1 $40,000 $60,000 50.000 3 60,000 20,000 4 10,000 40,000 40.000 a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Product x Product Y years years b.Which alternative would you select under the payback method? O Product Y is selected O Product X is selected

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