1 of 10 < > 0.2/1 E Bramble Manufacturing Company is considering three new projects, each requiring an equipment investment of $29,500. Each project will last for 3 years and produce the following cash flows. Year AA BB CC 1 $9,500 $12,300 $13,500 2 11,500 12,300 12,500 3 17,500 12,300 11,500 Total $38,500 $36,900 $37,500 The salvage value for each of the projects is zero. Bramble uses straight-line depreciation. Bramble will not accept any project with a payback period over 2.3 years. Bramble's minimum required rate of return is 12%. Click here to view PV tables. Question 1 of 10 Your answer is correct. 0.7/1 Compute each project's payback period. (Round answers to 2 decimal places, e.g. 52.75.) Payback period AA 2.49 years BB 2.4 years Indicating the most desirable project and the least desirable project using this method. Most desirable Project CC Least desirable Project AA eTextbook and Media C Question 1 of 10 < > 0.5/1 (b) Compute the net present value of each project. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) Net present value AA BB Indicating the most desirable project and the least desirable project using this method. t Most desirable Least desirable SA