b please

Cepeda Manufacturing Company is considering three new projects, each requiring an equipment investment of $22,000. Each projec will last for 3 years and produce the following cash inflows. The equipment's salvage value is zero. Cepeda uses straight-line depreciation. Cepeda will not accept any project with a payback period over 2 years. Cepeda's minimum required rate of return is 12%. 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 Compute the net present value of each project. (Use the above table.) (Round factor values to 5 decimal places, e.8. 1.25124 and final answers to 0 decimal places, e.g. 5.275.) Indicating the most desirable project and the least desirable project using this method