TB MC Qu. 24-80 (Algo) Porter Company is analyzing two... 00 Porter Company is analyzing two potential investments. 3 Project X $ 95,400 points Project Y $ 76,000 & 01:22:41 Initial investment Net cash flow: Year 1 Year 2 Year 3 Year 4 32,000 32,000 32,000 5,600 34,000 34,000 28,000 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? Multiple Choice Project Y. Project X. O Both X and Y are acceptable projects. O Neither X nor Y is an acceptable project. U Project Y because it has a lower initial investment