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The Short-Line Railroad is considering a $120,000 investment in either of two companies. The cash...

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Accounting

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The Short-Line Railroad is considering a $120,000 investment in either of two companies. The cash flows are as follows: Year 1 2 3 4 - 10 Electric Co. $ 60,000 30,000 30,000 20,000 Water Works $ 30,000 30,000 60,000 20,000 a. Compute the payback period for both companies. (Round your answers to 1 decimal place.) Electric Co. years Water Works years b. Which of the investments is superior from the information provided? Water Works O Electric Co

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