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Assume a $280,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 90,000 $ 80,000 2 90,000 90,000

Assume a $280,000 investment and the following cash flows for two products:

Year Product X Product Y
1 $ 90,000 $ 80,000
2 90,000 90,000
3 80,000 70,000
4 60,000 50,000

a.

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

Payback
Product X years
Product Y years

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