Blue Spruce Manufacturing Company is considering three new projects, each requiring an equipment investment of $22,600. 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 2.2 years. Blue Spruce's minimum required rate of return is 12%. Compute each project's payback period, (Round answers to 2 decimal places, e.g. 52.75.) Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable