Subm Porter Co. is analyzing two projects for the future. Assume that only one project can be selected, Project X Project Y $64,400 $61,800 Cost of machine Net cash flow Year 1 Year 2 Year 3 Year 4 22,900 22,900 22,900 0 4,300 28,100 28, 100 21,500 The payback period in years for Project is Multiple Choice 4.00 3.06 O 4.00. O 3.06. 2.00 3.94. O 3.05