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Problem 12-7 Payback method (L012-3) Assume a $92,000 investment and the following cash flows for two alternatives. Year Investment x Investment y 1 $27,000 $35,

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Problem 12-7 Payback method (L012-3) Assume a $92,000 investment and the following cash flows for two alternatives. Year Investment x Investment y 1 $27,000 $35, eee 2 2 , 40,eee 3 3 , 22,000 30,000 30,000 Nm 4 5 a. Calculate the payback for investment X and Y (Do not round Intermediate calculations. Round your answe Investment Investment y years years b. Which alternative would you select under the payback method? O Investment Investment Y

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