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