2/assessment-player/index.html?launchld-a816ed99-3021-4592-9055-6b9f5f1b480#/... A Q Question 4 of 4 7/14 EI Your answer is partially correct. Oriole's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25.520. Each project will last for 3 years and produce the following net annual cash flows Year AA BB CC 1 $8,120 $11.600 $15,080 2 10,440 11,600 13.920 3 13.920 11,600 12,760 Total $32.480 $34,800 $41,760 The equipment's salvage value is zero, and Oriole uses straight-line depreciation. Oriole will not accept any project with a cash payback period over 2 years. Oriole's required rate of return is 12%. Click here to view PV table (a) Compute each project's payback period. (Round answers to 2 decimal places, eg 15.25) AA 25 years 88 CC BB 22 years 175 years Which is the most desirable project?