Problem $12-6($Algo$)$ Payback method $[$LO$12-3]$

Assume a $$200,000$ investment and the following cash flows for two products:

a$.$ Calculate the payback for products $x$ and $Y.$

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.

b$.$ Which alternative would you select under the payback method?

Product $x$ is selected

Product $Y$ is selected