Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $23.980. Each project will last for 3 years and produce the following net annual cash flows. The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return is 12%. Click here to view the factor table. (a) Compute each project's payback period. (Round answers to 2 decimal places, eg. 15.25.) Which is the most desirable project? The most desirable project based on payback period is Which is the least desirable project? The least desirable project based on payback period is The mont decirable project based on payback period is Which is the lesit desirable project? The feat desirable proiect based on payback period is (b) Compute the net present value of each proket. (Enter negative amounts using either a negutive sign preceding the number eg-45 of parentheses ey. (45) Round final anwers to the nearest whole dollor, es. 5.275. For calculation purposec, use 5 decimal ploces os displayed in the foctor tobie provided) AA Be CC Which is the most desirable project based en 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