Cash Payback Cooper Corporation must evaluate two capital expenditure proposals. Cooper's hurdle rate is 10%....

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Cash Payback Cooper Corporation must evaluate two capital expenditure proposals. Cooper's hurdle rate is 10%. Data for the two Proposal X Proposal Y Required investment Annual after-tax cash inflows $120,000 $120,000 24,000 After-tax cash inflows at the end of years 3, 6,9, and 12 Life of project 72,000 12 years 12 years 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 x years Proposal Y x years Check

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