4 of 4 View Policies Current Attempt In Progress 14 Sheridan's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,960. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC $8,260 $11,800 $15,340 2 10.620 11.800 14,160 14,160 11,800 12,980 Total $33,040 $35,400 $42,480 The equipment's salvage value is zero, and Sheridan uses straight-line depreciation Sheran will not accept any project with a cash payback period over 2 years. Sheridan's required rate of return is 12% ok has to Law by cable Question 4 of 4