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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

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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 AWN a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Product X years years Product Y

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