Porter Company is analyzing two potential investments. Project X Initial investment Net cash flow: $ 88,740 Project $ 72,000 Year 1 30,000 5,200 Year 2 30,000 32,000 Year 3 30,000 32,000 Year 4 0 20,000 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?