porter company is analyzing two potential investments. project x project y initial investment $ 77,470 $ 65,000 net cash flow: year 1 26,500 4,500 year 2 26,500 28,500 year 3 26,500 28,500 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(s) should be selected?
