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Assume a $74.000 investment and the following cash flows for two alternatives. Year Investment X Investment Y 1$15,00 24,000 32,000 15,000 30,000 $34,000 30,000 15,000

Assume a $74.000 investment and the following cash flows for two alternatives. Year Investment X Investment Y 1$15,00 24,000 32,000 15,000 30,000 $34,000 30,000 15,000 a. Calculate the payback for investment X and Y. (Do not round Intermediate calculetions. Round your an years Investment Y years b. Which alternative would you select under the payback method? O Investment X O Investment Y

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