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Assume a $4,000 investment and the following cash flows for two alternatives.
Year Investment X Investment Y 1 $1,000 $1,300 2
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Assume a $4,000 investment and the following cash flows for two alternatives. Year InvestmentX Investment Y 1 $1,000 $1,300 2 800 2,800 3 700 100 4 1,900 5 2,000 a. Under the payback method, which investment should be chosen? (Show your
