Flint Manufacturing Company is considering three new projects, each requi will last for 3 years and produce the following cash flows quipment investment of $28,000. Each project Year AA BB CC 1 $9,000 $11.900 $13.000 2 11.000 11.900 12.000 ' 17,000 11.900 11.000 Total $37.000 $35.700 $36.000 The salvage value for each of the projects is zero Flet uses straight-line depreciation Flint will not accept any project with a payback period over 2.3 years. Flint's minimum required rate of return is 12% Click here to view PV tables (a) Your answer has been saved See score details after the d Compute each project's payback period Round answers to 252.75) Payback period AA 247 years 235 years Indicating the most desirable project and t (b) Most desirable Project CC Least desirable Project MA V CC 225 years Attempts: 1 of 1 used Compute the net present value of each project. (Use the above table) (Round factor values to 5 decimal places eg 125124 and hol answers to O decimal places, es 5,275) Net present value AA BB Indicating the most desirable project and the least desirable project using this method Most desirable Least desirable CC