Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $23,980 Each project will last for 3 years and produce the following net annual cash flows Ye AA 1$,630 10,900 $14,170 9,810 10,900 13,080 3 13,080 10,900 11,990 Total 30 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 PV of Annuity table. Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) Which is the most desirable project? The most desrable project based on payback period is Which is the least desirable project? The leas deairabile project based on payback pariod ia Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number e.g 45 or parentheses e.g. (45). Round final answers to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round final answers to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) 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