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Please help I am taking a final right now: Assume a $65,000 investment and the following cash flows for two alternatives. YearInvestment X $20,000 10,000
Please help I am taking a final right now:
Assume a $65,000 investment and the following cash flows for two alternatives. YearInvestment X $20,000 10,000 15,000 40,000 25,000 Investment Y $25,000 20,000 25,000 4 a. Calculate the payback for investment X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Investment X yea Investment Y year b. Which alternative would you select under the payback method? Investment X Investment YStep by Step Solution
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