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Atlas Products Company is trying to decide which of two new product lines to introduce in the coming year. Only one new product line can

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Atlas Products Company is trying to decide which of two new product lines to introduce in the coming year. Only one new product line can be introduced. The predicted revenue and cost data for each product line follows: The company has a 30% tax rate, it uses the straight-line depreciation method, and it predicts that cash flows will be spread evenly throughout each year. Required: Calculate each product's payback period. If the company requires a payback period of three years or less, which, if either, product should be chosen

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