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Assume a $220,000 investment and the following cash flows for two products: a. Calculate the payback for products X and Y. Note: Do not round

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Assume a $220,000 investment and the following cash flows for two products: a. Calculate the payback for products X and Y. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. b. Which alternative would you select under the payback method? Product X is selected Product Y is selected

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