Question details

Assume a $40,000 investment and the following cash flows for two alternatives.
$ 7.00

Assume a $40,000 investment and the following cash flows for two alternatives.

Year

Investment X

Investment Y

1

$ 6,000

$15,000

2

8,000

20,000

3

9,000

10,000

4

17,000

5

20,000

Which of the alternatives would you select under the payback method?

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