Coffer Company is analyzing two potential investments. Project x $ 72,790 Project Y $ 57,000 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 29,000 29,000 29,000 0 2,200 26,000 26,000 14,000 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