Assume a $240,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 50,000 $ 60,000 2 60,000 75,000 3 70,000 90,000 4 80,000 30,000 a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b.Which alternative would you select under the payback method? Product Y is selected Product X is selected