Crane's Oustom Construction Compary is considering three new projects, eachrequiting an equipnent investrmeut of $24,860. Each project will last for 3 years and produce the following net annual casti flows. The nguipment's salvagevalue is zera, and Crameuses straight line degreciation, Crane will not accept amy project witha cash payback period over 2 years. Cranc's required rate of return is 122 clicktiere to view PV table (a) Compute each project's prybackneriod. (Round anwers to 2 declinal places, es. 15.25.) Which is the mont desirable aroject? The ment desirable project based on payback period is Which is the least dearable project? The least desirable project based on payback period is (b) Conpote the net present value of each project (Enter nesative dmounts using either a negative sagn fircording the number eq 45 or the factor table provided Which is the nost defirable proiect bised oet net preserM value? Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number es. - 45 or parentheses es. (45). Round final onswers to the nearest whole dollar,e9, 5,275, For calculation purposes, use 5 decimal places as displayed in the foctor table provided.) BB CC. Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value? The least desirable project based on net present value is eTextbook and Media Attempts: 0 of 7 used