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

Porter Co. is analyzing two projects for the future. Assume that only one project can be selected.

Project X Project Y
Cost of machine $ 69,800 $ 52,100
Net cash flow:
Year 1 24,700 3,600
Year 2 24,700 23,600
Year 3 24,700 23,600
Year 4 0 18,000

The payback period in years for Project Y is:

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