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Assume a $6,500 investment and the following cash flows for two alternatives. Year Investment X Investment Y $ 1,000 $ 1,300 2 1,800 2,000

Assume a $6,500 investment and the following cash flows for two alternatives. Year Investment X Investment Y $ 1,000 $ 1,300 2 1,800 2,000 3 1,100 4 1,500 5 600 1,700 2,000 Under the payback method, which of the following could be concluded? Multiple Choice Investment Y should be selected. Investment X should be selected. Investment X and Y provide the same payback period.

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