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. The equipments salvage value is zero, and Blossom uses straight dine depreciation, Blossom will not accept any project with a cashi payback period over 2 years. Blossom's required rate of return is 12%. Click here to view PV table (a) Compute each project's payback period. (Round answers to 2 decimal places, es. 15.25.) Which is the most desirable project? The most desirable project based on parback period is Which is the least desirable project? The least desirable project based on paybackperiod is (b) Compute the net prevat value of each project. IEnter nesothe amounts using either a negative sign preceding the number es, -45 or parentheses es (45). Round final answers to the nearest whole dollar, es, 5,275, For calculotion purposes, use 5 decimal places as dipplayed in the foctor table provided) Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value? The least desirable project based on net present value is