Dougs Custom Construction Company is considering three new projects, each requiring an equipment investment of $23,540. Each project will last for 3 years and produce the following net annual cash flows.THANK YOU IN ADVANCE

Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $23,540. Each project wl last for 3 years and produce the following net annual cash flows. YearAA 1$7,490 $10,700 $13,910 9,630 10,700 12,840 3 12,840 10,700 11,770 Total $29,960 $32,100 $38,520 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 Py table. Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) 2.5 years 2.2 years 1.75 years Which is the most desirable project? The most desirable project based on payback period ise Project CC v