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 1 $7,000 $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 w The equipment's salvage value is zero. Cepeda uses straight line depreciation Cepeda will not accept any project with a payback period over 2.25 years. Cepeda's minimum required rate of return is 12% a AA BB Net present value $ Indicate the most desirable project and the least desirable project using this method. Most desirable Least desirable