Question: Problem 1 2 - 6 ( Algo ) Payback method [ LO 1 2 - 3 ] Assume a $ 2 4 0 , 0

Problem 12-6(Algo) Payback method [LO12-3] Assume a $240,000 investment and the

Problem 12-6(Algo) Payback method [LO12-3]
Assume a $240,000 investment and the following cash flows for two
products:
a. Calculate the payback for products x and Y.
Note: Do not round intermediate calculations. Round your
answers to 2 decimal places.
b. Which alternative would you select under the payback method?
Product Y is selected
Product x is selected
following cash flows for two products: a. Calculate the payback for products

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