Cost of machine Net cash flow: $ 98,790 Project X Project Y $ 73,000 Year 1 37,000- 3,800 Year 2 Year 3 Year 4 37,000 34,000 37,000 34,000 20,000 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 Project Y because it has a lower initial investment