Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26.20 Each project will last for 3 years and produce the following net annual cash flows Year AA CC 1 $8,470 $12.100 $15,730 2 10,890 12.100 14520 3 14.520 12.100 13,310 Total $33880 $36.300 $43560 The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project v period over 2 years. Doug's required rate of return is 12% Click here to view Publ Compute each project's payback period. (Round answers to 2 decimal places, eg 15.25) AA BB CC years years years 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 B Compute the net present value of each project. (Enter negative amounts using ethers septive sign picading the number-45 or parentheses es 451 Round final answers to the nearest whole dolor eg 5.275 For calation purpose 5 decina ples a digloyed le the factor table provided) CC Which is the most desirable; projecti Which is the desirable projected s The last desirable project bed on