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Porter Company is analyzing two potential investments. Project X Initial investment $ 100,500 Project Y $ 79,000 Net cash flow: Year 1 33,500 5,900

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Porter Company is analyzing two potential investments. Project X Initial investment $ 100,500 Project Y $ 79,000 Net cash flow: Year 1 33,500 5,900 Year 2 33,500 35,500 Year 3 33,500 35,500 Year 4 0 20,000 The payback period in years (rounded to 2 decimal places) for Project X is: Multiple Choice O 2.00. 4.00.

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