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Problem 12-10 payback period Assume a $62,000 investment and the following cash flows for two alternatives: Calculate the payback period for investment X and investment

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Problem 12-10 payback period Assume a $62,000 investment and the following cash flows for two alternatives: Calculate the payback period for investment X and investment Y. (Round the final answers to 2 decimal places.) Which of the alternatives would you select under the payback method? Investment X Investment Y

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