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TB MC Qu. 11-80 (Static) Porter Company is analyzing two... Porter Company is analyzing two potential investments. Project X Project Y Initial investment Net

TB MC Qu. 11-80 (Static) Porter Company is analyzing two... Porter Company is analyzing two potential investments. Project X Project Y Initial investment Net cash flow: $ 68,000 $ 60,000 Year 1 24,000 4,000 Year 2 Book Year 3 24,000 24,000 26,000 Year 4 0 26,000 20,000 Ask 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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