Cepeda Manufacturing Company is considering three new projects, each requiring an equipment investment of $22,000. Each project will last for 3 years and produce the following cash inflows. Year BB CC AA $7.000 1 $9.500 $11.000 2 9.000 9,500 10,000 3 15.000 9,500 9.000 Total $31.000 $28,500 $30,000 The equipment's salvage value is zero. Cepeda uses straight-line depreciation. Cepeda will not accept any project with a payback period over 2 years. Cepeda's minimum required rate of return is 12% Click here to view PV table. Compute the net present value of each project. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answers to decimal places, eg,5,275.) AA BB Net present value $ Indicate the most desirable project and the least desirable project using this method Most desirable Project CC Least desirable Project Attempts of tused Submit Savetorine Last ved 28 minutes Saved work will be torbmitted on the due date Auto son can taken to 10 minutes