Coffer Company is analyzing two potential investments. Project x $ 77,880 Project Y $ 55,880 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 28,888 28,888 28,888 a 2,880 25,000 25,000 20, eee of the company is using the payback period method, and it requires a payback period of three years or less, which projectis) should be selected? Multiple Choice Project x O Project Y. O Project Y because it has a lower initial investment. O Both X and Y are acceptable projects O Neither X nory is an acceptable project