Porter Company is analyzing two potential investments. Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 Project X $ 95,400 Multiple Cholce 32,000 32,000 32,000 0 Project Y $ 76,000 5,600 34,000 34,000 28,000 If the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selecte

Porter Company is analyzing two potential investments: If the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selecte