A) compute each project payback period.Which is most desirable projectWhich is least desirable projectB) compute the net present value of each projectWhich is most desirable Which is least desirable

Cullumber's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,080. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,980 $11,400 $14,820 2 10,260 11,400 13,680 3 13,680 11,400 12,540 Total $31,920 $34,200 $41,040 The equipment's salvage value is zero, and Cullumber uses straight-line depreciation. Cullumber will not accept any project with a cash payback period over 2 years. Cullumber'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, e.g. 15.25.)