Porter Company is analyzing two potential Investments Project x Initial investment Net cash flow: $ 95,400 Project Y $ 76,000 Year 1 Year 2 32,000 5,600 32,000 34,000 Year 3 Year 4 32,000 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 selected? Multiple Choice Project Y. Project X Both X and Y are acceptable projects