Question: Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X $68,000 Project Y $60,000 Cost of

 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 $68,000 Project Y $60,000 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 24,000 24,000 24,000 4,000 26,000 26,000 20,000 The payback period in years for Project Yis: 3.50 3.20. 3.83 4.00 2.00

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