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7:31 Porter Company is analyzing two potential investments. Project X Initial investment Net cash flow: $ 79,050 Project Y $ 66,000 Year 1 Year
7:31 Porter Company is analyzing two potential investments. Project X Initial investment Net cash flow: $ 79,050 Project Y $ 66,000 Year 1 Year 2 27,000 4,600 27,000 29,000 Year 3 Year 4 27,000 29,000 0 21,000 If the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selected?
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