18 of 19 < > Year AA BB CC 1 $8,900 $11,700 $12,900 2 10.900 11,700 11,900 3 16,900 11,700 10,900 Total $36,700 $35,100 $35,700 .../10 E The salvage value for each of the projects is zero. Culver uses straight-line depreciation. Culver will not accept any project with a payback period over 2.3 years. Culver's minimum required rate of return is 12%. Click here to view PV tables. (a) Your answer has been saved. See score details after the due date. estion 18 of 19 a) Your answer has been saved. See score details after the due date. Compute each project's payback period. (Round answers to 2 decimal places, e.g. 52.75.) Payback period AA 2.39 years BB 2.28 years Indicating the most desirable project and the least desirable project using this method. A Most desirable Project CC Least desirable Project BB .../10 E C A C 30 CC A 2.23 Y De Ac Dr 048 Vi Qu Acc Qu Acco (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.) Qu Acc Dro Net present value AA BB QL CC Acc Drow Qu Acce Dro Indicating the most desirable project and the least desirable project using this method. Qu Acco Drog Most desirable Least desirable Save for Later Vie Qu Acce Attempts: 0 of 1 used Submit Answer Qu Acco