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Coffer Company is analyzing two potential investments. Project X Project Y Cost of machine $ 95,400 $ 71,000 Net cash flow: Year 1 36,000 3,600

Coffer Company is analyzing two potential investments. Project X Project Y Cost of machine $ 95,400 $ 71,000 Net cash flow: Year 1 36,000 3,600 Year 2 36,000 33,000 Year 3 36,000 33,000 Year 4 0 28,000 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

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