Porter Company is analyzing two potential Investments. Project X Project Y Initial investment Net cash flow: $ 100,500 $ 79,000 Year 1 Year 2 33,500 5,900 33,500 35,500 Year 3 Year 4 33,500 35,500 0 20,000 The payback period in years (rounded to 2 decimal places) for Project X Is: Multiple Choice 3.36. 3.00. 4.00. 2.00. 4.95