What I Can Do Learning Task 5 Direction Solve the problem below and answer the questions that follow. Write your solution and answers on a separate sheet of paper. Two investment proposals have been made and the following data are given below: Year Project X Project Y (Php 50,000.00) (Php 75,000.00) 1 Php 15,000.00 Php 24,000.00 N Php 20,000.00 Php 24,000.00 3 Php 25,000.00 Php 24,000.00 Php 30,000.00 Php 24,000.00 1. What is the payback period of each proposal? (4 points) Year Project X Year Project Y 1. Php 15,000.00 PHP 1 . Php 24,000.00 35,000.00 2. Php 24,000.00 2 Php 20,000.00 PHP 52,000.00 3. Php 25,000.00 3. Php 24,000.00 4. Php 30,000.00 4. Php 24,000.00 We already recovered Php 35,000.00 We already recovered Php 52,000.00 by adding the cash returns in year 132 by adding the cash returns in year we only need Php 15,000.00 to reach 1.2.and 3. We only need Php 3,000.00 the initial investment of Php 50,000.00. to reach the initial investment of Php So in Year 3, we only need Php 75,000.00. So in Year 4 we only need 15,000.00 from the Php 25,000.00 Php 3,000.00 from the Php 24,000.00 project cash return. Project cash return