Assume a $62,000 investment and the following cash flows for two alternatives. Year Investment X Investment Y 1 $20,000 $35,000 2 15,000 15,000 3 15,000 22,000 4 15,000 — 5 25,000 — a. Calculate the...

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Finance

Assume a $62,000 investment and the following cash flows for twoalternatives.
Year Investment X Investment Y
1 $20,000 $35,000
2 15,000 15,000
3 15,000 22,000
4 15,000 —
5 25,000 —

a. Calculate the payback for investment X and Y.(Do not round intermediate calculations. Round your answersto 2 decimal places.)

b. Which alternative would you select under thepayback method? Investment X or Y?

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Assume a $62,000 investment and the following cash flows for twoalternatives.YearInvestment XInvestment Y1$20,000$35,000215,00015,000315,00022,000415,000—525,000—a. Calculate the payback for investment X and Y.(Do not round intermediate calculations. Round your answersto 2 decimal places.) b. Which alternative would you select under thepayback method? Investment X or Y?

Year	Investment X		Investment Y
1		$20,000		$35,000
2		15,000		15,000
3		15,000		22,000
4		15,000		—
5		25,000		—