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: Neither X nor Y is an acceptable project. Project Y because it has a lower initial investment. Porter Company is analyzing two potential investments. 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? Multiple Choice Project Y. Project X. Both X and Y are acceptable projects. Neither X nor Y is an acceptable project. Project Y because it has a lower initial investment