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1 Saved Porter Company is analyzing two potential investments. Project x $ 102,220 Project Y $ 80,000 Initial investment Net cash flow: Year 1 Year

1 Saved Porter Company is analyzing two potential investments. Project x $ 102,220 Project Y $ 80,000 Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 34,000 34,000 34,000 0 6,000 36,000 36,000 19,000 The payback period in years (rounded to 2 decimal places) for Project X is: Multiple Choice

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