Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22.220. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,070 $10,100 $13,130 2 9.090 10,100 12.120 3 12,120 10,100 11.110 Total $28,280 $30,300 $36,360 The equipment's salvage value is zero, and Blossom uses straight-line depreciation. Blossom will not accept any project with a cash payback period over 2 years. Blossom's required rate of return is 12%. Click here to view the factor table. (a) Compute each project's payback period. (Round answers to 2 decimal places, eg. 15.25.) AA 25 years BB 22 years 30 CC 1.75 years (b) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45). Round final answers to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) AA BB CC