Porter Company is analyzing two potential Investments. Project x Initial investment Net cash flow: $ 83,850 Project Y $ 69,000 Year 1 Year 2 28,500 4,900 28,500 30,500 Year 3 Year 4 28,500 30,500 30,000 The payback period in years (rounded to 2 decimal places) for Project X Is: Multiple Choice 3.30. 2.94. 2.00. 3.42 3.94