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Flounder Manufacturing Company is considering three new projects, each requiring an equipment investment of $23,800. Each project will last for 3 years and produce the following cash flows. Year BB CC 1 $7,600 $10,300 $11,600 2 9,600 10,300 10,600 3 15,600 10,300 9,600 Total $32,800 $30,900 $31,800 The salvage value for each of the projects is zero. Flounder uses straight-line depreciation. Flounder will not accept any project with a payback period over 2.2 years. Flounder's minimum required rate of return is 12%. Click here to view PV tables. (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 52.75.) AA BB CC Payback period years years years Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable