Buford Manufacturing Company is considering three new projects, each requiring an equipment investment of $21, 900. Each project will last for 3 years and produce the following cash inflows. The equipment's salvage value is zero. Buford uses straight-line depreciation. Buford will not accept any project with a payback period over 2 years. Buford's minimum required rate of return is 10%. Compute each project's payback period, indicating the most desirable project and the least desirable project using this method. (Round answers to 2 decimal places, e.g. 2.45.) Compute the net present value of each project. Does your evaluation change? (Round PV factor to 5 decimal places, e.g. 1.25356 and final answers to 0 decimal places, e.g. $1, 255.)