Book erences Assume a $40,000 investment and the following cash flows for two alternatives: Investment X $5,000 12,000 15,000 8,000 3,100,000 Year Min Investment X Investment Y Investment Y Calculate the payback period for investment X and Y. (Round the final answers to 2 decimal places.) Payback period $25,000 10,000 20,000 O Investment X O Investment Y years years Which of the alternatives would you select under the payback method? 4

Assume a $40,000 investment and the following cash flows for two alternatives: Calculate the payback period for investment X and Y. (Round the final answers to 2 decimal places.) Which of the alternatives would you select under the payback method? Investment X Investment Y