Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $$24,640.$

Each project will last for $3$ years and produce the following net annual cash flows.

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.

$($a$)$

Compute each project's payback period. $($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

AA

years

BB

years

CC

years

Which is the most desirable project?

The most desirable project based on payback period is