Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y $64,400 $61,800 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 22,900 22,900 22,900 0 4,300 28,100 28,100 21,500 The payback period in years for Project Y is: Multiple Choice O 4.00. O O 3.06. 2.00. O 3.94. 3.05