-/1 Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $ 27.060 Each project will last for 3 years and produce the following net annual cash flows. AA BB Year CC 1 $8,610 $ 12.300 $15.990 2 14,760 11.070 12,300 3 14.760 12.300 13.530 Total $ 34,440 $36.900 $ 44,280 The equipment's salvage value is zero, and Blossom uses straight-line depreciation. Blossom will not accept any project with a cash payback period over 2 years. Blossom's required rate of return is 12%. Click here to view the factor table (a) Compute each project's payback period. (Round answers to 2 decimal places, eg. 15.25) years AA Question 3 of 5 -/1 = The equipment's salvage value is zero, and Blossom uses straight-line depreciation. Blossom will not accept any project with a cash payback period over 2 years. Blossom's required rate of return is 12%. Click here to view the factor table (a) Compute each project's payback period (Round answers to 2 decimal places, eg, 15.25) AA years BB years CC years (b) Compute the net present value of each project. (Enter negative amounts using elther a negative sign preceding the number 18. 45 or parentheses eg. (45). Round final answers to the nearest whole dollar, es 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided) AA BB