Ivanhoe's Custom Construction Company is considering three new projects, each requiring an equipment investment of $$25,300.$ Each project will last for $3$ years and produce the following net annual cash flows.Year$123$AA$$8\mathrm{.}05010\mathrm{.}35013\mathrm{.}800$Total$$32\mathrm{.}200$BB$$1150011\mathrm{.}50011\mathrm{.}500$$$34,500$CC$$14\mathrm{.}95013\mathrm{.}80012\mathrm{.}650$$$41,400$The equipment's salvage value is zero, and Ivanhoe uses straight$-$line depreciation. Ivanhoe will not accept any project with a cash payback period over $2$ years. Ivanhoe'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, eg$.15\mathrm{.}25.)$AAyearsBByear