Assume a $72,000 investment and the following cash flows for two alternatives: Year Investment X 12345...

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Assume a $72,000 investment and the following cash flows for two alternatives: Year Investment X 12345 $22,000 20,000 20,000 10,000 4,700,000 Investment Y $22,000 15,000 40,000 Calculate the payback period for investment X and Y. (Round the final answers to 2 decimal places.) Investment X Investment Y Payback period 4 years years Which of the alternatives would you select under the payback method? Investment X Investment Y Assume a $72,000 investment and the following cash flows for two alternatives: Year Investment X 12345 $22,000 20,000 20,000 10,000 4,700,000 Investment Y $22,000 15,000 40,000 Calculate the payback period for investment X and Y. (Round the final answers to 2 decimal places.) Investment X Investment Y Payback period 4 years years Which of the alternatives would you select under the payback method? Investment X Investment Y