Question: Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project x Project Y $67, 400 $54,600 Cost

Porter Co. is analyzing two projects for the future. Assume that

Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project x Project Y $67, 400 $54,600 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 23, 800 23, 800 23,800 0 3,700 24,100 24,100 18,500 The payback period in years for Project Y is

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