Dougs custom construction company

Weygandt, Managerial Accounting, 7 Managerial Accounting (ACCT 202) Downioadable Dougs Custom Construction Company is considering three new projects, each requiring an equipment Investment of $22,220. Each project wit last for 3 years and produce the tollowing net annual cash ws $7,070 $10,100 $13,130 2 9,090 10,100 12,120 12,120 10,100 11,110 otal $28,28 $30,300 $36360 The equpment's salvage value is zero, and Doug uses straight ine depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return i2%. ? aher, to new PV table. Coroute each proper, payback pered. (Round answe, to 2 decimal places, e.g. 15.2%) ehich is the most desirable proe? The most desirable project based on payback period is veron 4 24 62