Porter Company is analyzing two potential investments. 10 Project X $ 98,790 Project Y $ 78,000 8 02:49:37 Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 33,000 33,000 33,000 0 5,800 35,000 35,000 22,000 If the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selected? Multiple Choice Project Y. O O Project x. O Both X and Y are acceptable projects. Aloither V nar Vic an arrants-In Brain