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Can someone please help me? Thank you, Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26,840. Each project

Can someone please help me? Thank you,

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Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26,840. Each project will last for 3 years and produce the following net annual cash flows. Year CC BB 1 $8,540 $12,200 $15,860 2 10,980 12,200 14,640 3 14,640 12,200 13,420 Total $34,160 $36,600 $43,920 The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return is 12%. Click here to view PV table. (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) years BB years CC years Which is the most desirable project? The most desirable project based on payback period is

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