Bridgeport Manufacturing Company is considering three new projects, each requiring an equipment investment of $23,200. Each project will last for 3 years and produce the following cash flows. Year AA BB CC 1 $7,400 $9.900 $11.400 2 9.400 9.900 10,400 3 15,400 9,900 9,400 Total $32,200 $29,700 $31,200 The salvage value for each of the projects is zero, Bridgeport uses straight-line depreciation. Bridgeport will not accept any project with a payback period over 2.2 years.Bridgeport's minimum required rate of return is 12%. Click here to view PV tables. (a) Compute each project's payback period. (Round answers to 2 decimal places, eg. 52.75.) AA BB CC Payback period years years years Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable