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Problem 7 (10 Points) Morenna Company must evaluate two capital expenditure proposals. Mckenna's hurdle rate is 12%. Data for the two propesals follow. What is

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Problem 7 (10 Points) Morenna Company must evaluate two capital expenditure proposals. Mckenna's hurdle rate is 12%. Data for the two propesals follow. What is the cash payback period for Proposal X? For Proposal Y? Hint: For Proposal Y, in what year (3,6,9 or 12 ) will the full original investment be recovered? Round Proposal X answer to one decimal place, if applicable. Proposal X Proposal Y

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