Chayenne Manufacturing Company is considering three new projects, ach recuiring an equipmant investment of $23,500. Each project will last for 3 years and produce the following cash flows. The salvagevalue for each of the proiects is zero. Cheyenne uses straizht-line depreciation. Cheyanne will not accept any project wi? a payback period over 2.2 yars. Cheysne's minimum required rats of return is 12%. (a) Your answer is correct. Compute each proiect's payback period. (Round answers to 2 decimal places, eg. 52.75 .) Indicating the most desirable proiect and the least desirable proiect using this method. Most desirabla Least desirable eTextbook and Medla Attempts: 1 of 2 used (b) Compute the nat present value of each project. (Use the above table.) (Round factor values to 5 decimal places, es. 1.25124 and final answers to 0 decimal places, es. 5,275.) Indicating the most desirable proiect and the least desirable proiect using this method