Coffer Compony is anslyzing two potentisal Inveatments.

If the compsny is using the psybock period method, and it requlres s poybock period of three yesrs or less, which projectis$)$ should be selected?

Muligl$=$ Chaise

Prajest Y beeauxe it has a lawer initiol invextment.

Bath $x$ and Y are asezoptable prajesta.

Naither $x$ ner Y ia an acesptable prajest.

Prajazt $Y$

Prajeat xCoffer Company is analyzing two potential investments.

Project X Project Y

Cost of machine $ $87,100$ $ $66,000$

Net cash flow:

Year $133,5003,100$

Year $233,50030,500$

Year $333,50030,500$

Year $4019,000$

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?