Porter Company is analyzing two potential investments. 14 Project X $ 87,100 Project Y $ 71,000 Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 29,500 29,500 29,500 0 5,100 31,500 31,500 22,000 Print The payback period in years (rounded to 2 decimal places) for Project X is: Multiple Choice 2.00. 3.95. 3.41. 2.95