Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 93,720 $ 75,000 Net cash flow: Year 1 31,500 5,500 Year 2 31,500 33,500 Year 3 31,500 33,500 Year 4. 0 30,000 The payback period in years (rounded to 2 decimal places) for Project X is: Multiple Choice C 2.00. 3.98. 3.38. 2.98. The payback period in years (rounded to 2 decimal places) for Project X is: Multiple Choice 2.00. 3.98. 3.38. 2.98. 3.50.