Problem 12-6 (Algo) Payback method [LO12-3] Assume a $180,000 investment and the following cash flows for two products: Year Product X 1 2 3 4 $ 60,000 30,000 50,000 60,000 Product Y $ 80,000 45,000 40,000 30,000 a. Calculate the payback for products X and Y. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Product X Product Y years years b. Which alternative would you select under the payback method? Product Y is selected Product X is selected

Assume a $180,000 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 Y is selected Product X is selected