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Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X $68,000 Project Y $60,000 Cost of

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Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X $68,000 Project Y $60,000 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 24,000 24,000 24,000 4,000 26,000 26,000 20,000 The payback period in years for Project Yis: 3.50 3.20. 3.83 4.00 2.00

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