QUESTION 2 Coffer Co. is analyzing two projects for the future. Assume that only one project can be selected. Project X Project Y Cost of machine $ 77,000 $55,000 Net cash flow -Year 1 28,000 2,000 Year 2 28,000 25,000 Year 3 28,000 25,000 Year 4 0 20,000 If the company is using the payback period method and it requires a payback of three years or less, which project should be selected? O Project Y O Project Y because it has a lower initial investment. Project X Both X and Y are acceptable projects. O Neither X nor Y is an acceptable project