ion Company is considering three new projects, each requiring an equipment investment of $27,060. Each project will last for 3 years and produce the following net annual cash flows. Year AA 1$8,610 $12,300 $15,990 211,070 12,300 14,760 3 14,760 12,300 13,530 Total $34,440 $36,900 $44,280 (Round answers to 2 decimal places, e.p. 15.2s.) k period. Project CC The most desirable project based on payback period is answers to the nearest whole dollar,e.g. 5,275, For calculation