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. 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 O decimal places, eg. 5,275.) Indicate the most desirable project and the least desirable project using this method