Assume a $140,000 investment and the following cash flows for two products: ...
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Accounting
Assume a $140,000 investment and the following cash flows for two products:
| Year | Product X | Product Y | ||||
| 1 | $ | 50,000 | $ | 70,000 | ||
| 2 | 60,000 | 50,000 | ||||
| 3 | 22,000 | 15,000 | ||||
| 4 | 20,000 | 20,000 | ||||
|
| ||||||
a. Calculate the payback for products X and Y. (Do not round intermediate calculations. Round your answers to 2 decimal places.) X:
Y:
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