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Assume a $52,000 investment and the following cash flows for two alternatives. Calculate the payback for investment X and Y. (Do not round intermediate calculations.

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Assume a $52,000 investment and the following cash flows for two alternatives. Calculate the payback for investment 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? Investment X Investment Y

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