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Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y Cost of machine $

Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y Cost of machine $ 60,600 $ 56,700 Net cash flow: Year 1 21,400 3,900 Year 2 21,400 25,500 Year 3 21,400 25,500 Year 4 0 19,500 The payback period

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