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Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y $65,000 $60,400 Cost of

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Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y $65,000 $60,400 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 22,900 22,900 22,900 4,000 26,000 26,000 20,000 The payback period in years for Project Y is: Multiple Choice o 322 O O O 378

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