Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $24.420. 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, e.g. 15.25.) AA years BB years: Which is the most desirable project? The most desirable aroject based on purback period is Which is the least devirable project? The least desirable profect based on payback period is (b) Compute the net present value of each project. (Enter nezative ameunts wuing either a negative ugh greceditg the number ts. 45 or porentheses e.1. (45). Round find aniwers to the nedrest whole dellar, ex. 5.275. Fur calculation porpotes, une 5 decimal ploces as displayed in the factar table previded AA GC 45 or parentheses e.g. (45). Round finol answers to the nearest whole dollori. a negafive sagn preceding me number es. decimal places as displayed in the foctor toble provided. AA BB CC Which is the most desirable project based on net present yalue? The most desirable project based on net present value is Which is the least desirable project based on net present value? The ieast desirable project based on net presen volue is