financeLily Products Company is considering an investment in one of two new product lines. The investment required for either product line is $540,000. The net cash flows associated with each product are as follows:
|<center>Year|<center> Liquid<br>Soap |<center>Body<br>Lotion|
|:--:|---:|---:|
|1 |$ 170,000 |$ 90,000|
|2 |150,000| 90,000|
|3 |120,000 |90,000|
|4 |100,000| 90,000|
|5 |70,000 |90,000|
|6 |40,000| 90,000|
|7 |40,000 |90,000|
|8 |<u> 30,000</u> |<u> 90,000</u> |
|Total |<span style="border-bottom: double 5px">$ 720,000</span> |<span style="border-bottom: double 5px">$ 720,000</span>|
a. Recommend a product offering to Lily Products Company, based on the cash payback period for each product line.