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

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

Porter Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y $68,000 $60,000 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 24,000 24,000 24,000 0 4,000 26,000 26,000 20,000 The payback period in years for Project X is: Multiple Choice 2.83. 2.00. 3.50. 4.00. 3.83

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