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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 $67, 400 $54,600 Cost

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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 $67, 400 $54,600 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 23, 800 23, 800 23,800 0 3,700 24,100 24,100 18,500 The payback period in years for Project Y is

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