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Problem 12-7 Payback method [LO12-3) Assume a $80,000 Investment and the following cash flows for two alternatives. Year Investment X $18,000 24,00 25,000 20, eee

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Problem 12-7 Payback method [LO12-3) Assume a $80,000 Investment and the following cash flows for two alternatives. Year Investment X $18,000 24,00 25,000 20, eee 20,000 Investment Y $40, eee 30,000 15,00 5 a. Calculate the payback for Investment X and Y. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Investment X Investment Y

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