Crane's Custom Construction Company is considering three new projects, each requiring an equipment investment of $24,860. Each project will last for 3 years and produce the following net annual cash flows. The equipinent ssalvage value is zero, and Crane uses straight-line depreciation. Crane will not accept any project with a cash payback period over 2 years, Crane's required rate of return is 12%. Click here to view the factor table. (a) Compute each project's payback period. (Riound answers to 2 decimal places, es. 15.25.) AA Sears Which is the most desirable project? The most desirable project based on payback period is Which is the least desirable project? (b) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg (45). Round final answers to the nearest whole dollar, es. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) AA BB CE Which 5 the most desirable project based on met present value? The mont desirable project based on net present value is Whichih the least desirable project based on net present value? The least desirable project babed on net present value is