Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22.880. Each project will last for 3 years and produce the following net annual cash flows Year BB CC 1 $7,280 $10.400 $13,520 2 9,360 10.400 12.480 3 12480 30,400 11.440 Total $29,120 $31.200 $37.440 The equipment's salvape values 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 22%. Click here to view the factor table a) Compute each project's payback period (Round answers to 2 decimal places, s. 15.25) AA years BB mar 2009 years 2283 years Which is the most desirable project! The most desirable project based on payback period is Project CC Which is the least desirable project? The least desirable project based on payback period is Project AA 16) Compute the net present value of each project. (Enter negative amounts using either a negative sig preceding the number es 45 or parentheseses (451. 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 -35 years BB DOO 2009 Years 7283 years Which is the most desirable project? The most desirable project based on payback period is Project CC Which is the least desirable project The least desirable project based on payback period is Project A 1b) Compute the net present value of each project(Enter negative amounts using either a negotive sig preceding the number es-450 parentheses es (45). Round final answers to the nearest whole dollar, ep.5.275. For calculation purposes, use 5 decimal places as displayed in the factor table provided) AA BB Which is the most desirable project based on net present value? The most desirable project based on net present values Piclect AA Which is the least desirable project based on net present value? The least desirable project based on net present value is Pho CC V e Textbook and Media