A company is trying to decide which of two new product lines to introduce in the coming year.The predicted revenue and cost data for each product line follows: 
The company has a 30% tax rate,it uses the straight-line depreciation method,and it predicts that cash flows will be spread evenly throughout each year.Calculate each product's payback period.If the company requires a payback period of three years or less,which,if either,product should be chosen?
Definitions:
Business Cycle
The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, recession, and recovery.
External Shocks
Events outside the economic system that can cause sudden and significant changes within an economy, such as natural disasters or geopolitical events.
Last Recession
Describes the most recent period of significant decline in economic activity across the economy, lasting more than a few months.
Winter 1989-90
A specific time period referring to the winter months of December 1989, January 1990, and February 1990, often notable for its weather or events occurring then.
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