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Assume a $65,000 investment and the following cash flows for two alternatives. Year Investment A Investment B 1 $ 20,000 $ 35,000 2 25,000 15,000
Assume a $65,000 investment and the following cash flows for two alternatives. Year Investment A Investment B 1 $ 20,000 $ 35,000 2 25,000 15,000 3 10,000 25,000 4 25,000 5 25,000 a. Calculate the payback for investment A and B. (Round your answers to 2 decimal places.)
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