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9 80112.00 Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y $68,000

9 80112.00 Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y $68,000 $60,000 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 24,000 24,000 24,000 0 Multiple Choice 4,000 26,000 26,000 20,000 If the company is using the payback period method and it requires a payback of three years or less, which project should be selected?

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