Gomez Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $ 850,000 $ 468,000 Useful life 8 years 8 years Estimated annual net cash inflows for 8 years $ 125,000 $ 78,000 Residual value $ 40,000 $ - Depreciation method Straight-line Straight-line Required rate of return 14% 10% How long is the payback period for Proposal Y

6 years

Explanation:

The payback period calculates how long it takes for the amount invested in a project to be recovered from the cumulative cash flow.

Payback period = amount invested/ cash flow

 $468,000 /  $78,000 = 6 years

I hope my answer helps you

the answer is i don't know

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?