Problem 12-6 Payback method (LO12-3) Assume a $240,000 investment and the following cash flows for two products: Year Product Product Y 1 $50,000 560,000 2 68,000 75 , 3 70,000 9 , 4 80,000 30,000 a. Calculate the payback for products X and Y (Do not round intermediate calculations. Round your answers to 2 deci Product X Product Y years years b. Which alternative would you select under the payback method? Product Y is selected O Product X is selected