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Nubela Manufacturing is considering two alternative investment proposals with the following? data: Proposal X Proposal Y Investment $ 10 comma 400 comma 000$10,400,000 $ 580
Nubela Manufacturing is considering two alternative investment proposals with the following? data:
| Proposal X | Proposal Y | |
| Investment | $ 10 comma 400 comma 000$10,400,000 | $ 580 comma 000$580,000 |
| Useful life | 5 years | 5 years |
| Estimated annual net cash inflows for 5 years | $ 2 comma 080 comma 000$2,080,000 | $ 104 comma 000$104,000 |
| Residual value | $ 53 comma 000$53,000 | $ 25 comma 000$25,000 |
| Depreciation method | Straightminus?line | Straightminus?line |
| Required rate of return | 1212?% | 1010?% |
Calculate the payback period for Proposal X.
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