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.

$\backslash$table$[[$Year$,AA,$BB$,CC$

The equipments salvage value is zero, and Blossom uses straight$-$line depreciation. Blossom will not accept any project with a cash payback period over $2$ years. Blossoms required rate of return is $12\%$

a$)$ compute each projects payback period.

b$)$ compute the net present value of each project

$($round answers to $2$ decimal places$)$