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Assume a $230,000 investment and the following cash flows for two products: Year Product X Product Y 1 $60,000 $80,000 00 80.000 0,000 60,000 80,000

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Assume a $230,000 investment and the following cash flows for two products: Year Product X Product Y 1 $60,000 $80,000 00 80.000 0,000 60,000 80,000 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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