Buford Manufacturing Company is considering three new projects, each requiring an equipment investment of $21,600. Each project will last for 3 years and produce the following cash inflows.

Year		AA		BB		CC
1		$ 6,710		$ 9,700		$15,000
2		9,120		9,700		10,500
3		14,900		9,700		9,650
Total		$30,730		29,100		$35,150

The equipment