Blue Spruce Manufacturing Company is considering three new projects, each requiring an equipment investment of $29.200, Each project will last for 3 years and produce the following cash flows. The salvage value for each of the projects is zero. Blue Spruce uses straight-line depreciation. Blue Spruce will not accept any project with a payback period over 2.3 years. Blue Spruce's minimum required rate of return is 12%. Click here to view PV tables. (a) Your answer is correct. Compute each project's payback period. (Round answers to 2 decimal places, es. 52.75.) Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable eTextbook and Media Attempts: 1 of 2 use (b) Compute the net present value of each project. (Use the above table.) (Round factor values to 5 decimal places, es. 1.25124 and final answers to 0 decimal places, es. 5,275.) Compute the net present value of each project. (Use the above table.) (Round foctor values to 5 decimal places, eg. 1.25124 and final answers to Odecimal places, es. 5,275.) Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable