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Portet Company is analyzing two potential investments, 9 Project X $ 82,240 Project Y $ 68,000 3 points Initial investment Not cash flow Year 1

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Portet Company is analyzing two potential investments, 9 Project X $ 82,240 Project Y $ 68,000 3 points Initial investment Not cash flow Year 1 Year 2 Year 3 Year 4 28,000 20,000 28,000 0 4,800 30,000 30,000 22,000 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

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