Assume a $6,500 investment and the following cash flows for two alternatives.

Year         Investment X                Investment Y

1                  $1,000                             $1,300

2                  $1,800                             $2,000

3                  $1,700                             $1,100

4                  $2,000                             $1,500

5                                                         $ 600

Under the payback method, which of the following would be concluded?

A. Investment X should be selected.

B. Investment X & Y have the same payback period.

C. Investment Y should be selected.

D. Neither investment is acceptable under the payback method.