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Assume a $150,000 investment and the following cash flows for two products: Year Product X Product Y 1 2 $60,000 $40,000 50,000 30,000 60,000 4
Assume a $150,000 investment and the following cash flows for two products: Year Product X Product Y 1 2 $60,000 $40,000 50,000 30,000 60,000 4 30,000 40,000 36,000 a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Product X years ProductY years b.Which alternative would you select under the payback method? O Product X is selected Product Y is selected
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