Problem 12-6 (Algo) Payback method [LO12-3] Assume a $280,000 investment and the following cash flows for two products: Year 1 2 3 4 Product X $ 90,000 90,000 80,000 60,000 Product Y $ 80,000 90,000 70,000 50,000 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 X is selected Product Y is selected