QUESTION 11 Coffer Co. is analyzing two projects for the future. Cashflow of both projects is shown in the table below. Assume that only one project can be selected. If the company is using the payback period method and it requires a payback of three years or less, which project should be selected? Project X $77,000 Project Y $55,000 Cost of machine Net cash flow: Year 1 Year 2 Year 3 Year 4 $28,000 $28,000 $28,000 $0 $2,000 $25,000 $25,000 $20,000 Project Y. Project X Both X and Y are acceptable projects. Neither X nor Y is an acceptable project. O Project Y because it has a lower initial investment QUESTION 12 lick Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air