Ivanhoe's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,880. Each project will last for 3 years and produce the following net annual cash flows. 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 the factor table. (a) Compute each project's payback period. (Round answers to 2 decimal places, eg. 15.25.) \begin{tabular}{|c|c|} \hlineAA & years \\ \hlineBB & years \\ \hlineCC & years \end{tabular} Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.8. (45). Round final answers to the nearest whole dollar, es. 5,275. For calculation purposes, use 5 decimal places as displayed in the foctor table provided.) AA BB CC