Coffer Company is analyzing two potential investments.

If the company is using the payback period method, and it requires a payback period of three years or less, which project$($s$)$ should

be selected?

Multiple Choice

Project $Y.$

Project $x.$

Both $x$ and $Y$ are acceptable projects.

Nelther $x$ nor $Y$ is an acceptable project.

Project $Y$ because it has a lower Initial Investment.