Coffer Co. is analyzing two potential investments. 
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?
A) Project Y.
B) Project X.
C) Both X and Y are acceptable projects.
D) Neither X nor Y is an acceptable project.
E) Project Y because it has a lower initial investment.
Correct Answer:
Verified
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