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Assume a $65,000 investment and the following cash flows for two alternatives: ...

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Finance

Assume a $65,000 investment and the following cash flows for two alternatives:

Year Investment X Investment Y
1 $20,000 $25,000
2 10,000 15,000
3 10,000 25,000
4 25,000
5 3,800,000

Calculate the payback period for investment X and Y. (Round the final answers to 2 decimal places.)

Payback period
Investment X ____years
Investment Y _____ years

Which of the alternatives would you select under the payback method?

multiple choice

1 Investment X =______

2 Investment Y= _______

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