Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,060. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $8,610 $12,300 $15,990 2 11,070 12,300 14,760 3 14,760 12,300 13,530 Total $34,440 $36,900 $44,280 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 PV table.