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Porter Company is analyzing two potential investments. Project x $ 92,050 Project Y $ 74,000 Initial investment Net cash flow: Year 1 Year 2 Year

Porter Company is analyzing two potential investments. Project x $ 92,050 Project Y $ 74,000 Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 31,000 31,000 31,000 0 5,400 33,000 33,000 28,000 The payback period in years (rounded to 2 decimal places) for Project X is

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