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Q 15 Finance 1 answer below » Assume a $210,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 60,000 $ 60,000 2 90,000 40,000 3 60,000 80,000 4 40,000 60,000 (a) Calculate the payback for products X and Y. (Round your answers to 2 decimal places.) View complete question » Payback period Product X years Assume a $210,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 60,000 $ 60,000 2 90,000 40,000 3 60,000 80,000 4 40,000 60,000 (a) Calculate the payback for products X and Y. (Round your answers to 2 decimal places.) Payback period Product X years Product Y years (b) Which alternative would you select under the payback method? Product X Product Y View less » Jan 11 2014 02:11 AM
