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Hi, I need help with my Managerial Finance assignment please. . . . Assume a $170,000 investment and the following cash flows for two products:

Hi, I need help with my Managerial Finance assignment please. . . .

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Assume a $170,000 investment and the following cash flows for two products: YearProduct XProduct Y 1 $40,000 $ 60,000 2 60,000 70,000 3 50,000 30,000 4 40,000 40,000 a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Product > years Product Y years b. Which alternative would you select under the payback method? Product Y is selected Product X is selected

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