Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,520. Each project will last tor 3 years and produce the tollowing net annual cash flows Year 1 $8,120 $11,600 $15,080 10,440 11,600 13,920 13,920 11,600 12,760 Total $32,480 $34,800 $41,760 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 Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) 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 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.)