Ayayai Manufacturing Company is considering three new projects, each requiring an equipment investment of $22,300. Each project will last for 3 years and produce the following cash flows. The salvage value for each of the projects is zero. Ayayai uses straight-line depreciation. Ayayai will not accept any project with a payback period over 2.2 years. Ayayai'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.) Indicating the most desirable project and the least desirable project using this method. Most desirable