Problem 12-7 Payback method [LO12-3] Assume a $90,000 investment and the following cash flows for two alternatives. Year 1 Investment X Investment Y $25,000 2 30,000 3 25,000 4 20,000 5 25,000 $50,000 30,000 20,000 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 years years b. Which alternative would you select under the payback method? Investment X Investment Y