56. (10 points-5 cach) Rosco Manufacturing Company is considering three new projects, each requiring an equipment investment of $20,000. Each project will last for 3 years and produce the following cash inflows. Year $ 7,000 9,000 15.000 S31.000 S 9,600 9,600 $11,000 10,000 9.000 30,000 Total 528.800 The equipment's salvage value is zero. Rosco uses straight-line depreciation. Rosco will not accept any project with a payback period over 2 years. Rosco 's minimum required rate of return is 12%The discount for 12% are: Year 1-89286 Year 2-.79719 Year 3 - 71178 Instructions FOR PROJECT AA ONLY (a) Compute the projects cash payback period. (Round to two decimals.) (b) Compute the net present value of the project (Round to nearest dollar.)