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B098nodule itemid-3014778 Doug's Custom Construction Company is considering three new projects,each requiring an equipment project will last for 3 years and produce the following net
B098nodule itemid-3014778 Doug's Custom Construction Company is considering three new projects,each requiring an equipment project will last for 3 years and produce the following net annual cash flows t of $25,520. Each Year AA 1 $8,120 $11,600 $15,080 2 10,440 11,600 13,920 313,920 11,600 12,760 Total $ 32,480 $ 34,800 $41.760 The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return is 12%. Click here to view PV table. Compute each project's payback period. (Round answers to 2 decimal places, es 15.25.) years
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