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EN - USEdward's Custom Manufacturing Company is considering three new projects. Each one requires an equipment investment of $ 2 8 , 9 0 0

EN-USEdward's Custom Manufacturing Company is considering three new projects. Each one requires an equipment investment of $28,900, will last for three years, and will produce the following net annual cash flows: Year AA BB CC 1 $8,330 $11,424 $15,470210,71011,42410,710314,28011,42413,090 Total $33,320_ $34,272 $39,270 The equipment's salvage value is zero, and Edward uses straight-line depreciation. Edward will not accept any project with a payback period longer than two and a half years. Edward's required rate of return is 12%. Calculate the net present value of each project. (If the answer is negative, use either a negative sign preceding the number e.g.-5,275 or parentheses e.g.(5,275). For calculation purposes, use 5 decimal places. calculate payback period for AA, BB, CC

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