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36.

Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 82,243 $ 68,333 Net cash flow: Year' 1 28,333 4,833 Year' 2 28,333 33,333 Year' 3 28,333 33,333 Year' 4 3 22,338 Ifthe companyr is using the payback period method. and it requires a payback of three years or less, which projectis] should be selected? Multiple Choice 0 Project Y because it has a lower Initial investment. Project Y. Project X. Neither X nor Y is an acceptable project. Both X and Y are acceptable projects. @000 \fThe accounting rate of return [FER] is computed by dividing a project's annual income by the average investment. True or False The accounting rate of return [ARR] is computed by dividing a project's annual income by the amount Ufthe initial investment. True or False ' True ' ' False '