Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 68,000 $ 60,000 Net cash flow: Year 1 24,000 4,000 Year 2 24,000 26,000 Year 3 24,000 26,000 Year 4 O 20,000 The payback period in years (rounded to 2 decimal places) for Project X is: 3.50. 04.00. 0 2.83 O 3.83. O 2.00