Assume a $6,500 investment and the following cash flows for two alternatives. Under the payback method, which of the following could be concluded?

Investment X should be selected.

Investment Y should be selected.

Investment X and Y provide the same payback period.

The investments are not comparable since they have different time frames.

Year Investment X $1,000 1.800 1,700 2.000 Investment Y $1,300 2.000 1,100 1,500 600