Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,960. Each project will last for 3 years and produce the following net annual cash flows. Year 1 2 3 Total AA $8,260 10,620 14,160 $33,040 BB $11,800 11,800 11,800 $35,400 CC $15,340 14,160 12,980 $42,480 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 table. (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) years years years