Carla Vista's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26.400. Each project will last for 3 years and produce the following net annual cash flows The equipment's salvage value is zero, and Carla Vista uses straight line depreciation. Carla Vista will not accept any project with a cash payback period over 2 years. Carla Vista's required rate of return is 12%. Cick here to view the factor table. (a) Compute each project's payback period, (Round answers to 2 decimol ploces, es 15.25) AA BB OC Which is the most desirableproject? years years years The most desirable project based on payback period is Which is the least desirable project? The least desiratie project based on paybackperiod is (b) Compute the net present vilue of exch project. Finter negotie anounts uild oither a sepetive sigi preceding the number ess 45 or Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number eg - 45 or porentheses eg. (45). Round final answers to the nearest whole dollar, eg. 5,275. For calculation purposes, use 5 decimal places as displaye the foctor toble provided.) AA BB CC Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value? The least desirable project based on net present value is