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Business, 09.12.2021 04:10 thicklooney

Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 68,000 $ 60,000 Net cash flow: Year 1 24,000 4,000 Year 2 24,000 26,000 Year 3 24,000 26,000 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(s) should be selected

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