ivanhoes custom net flow

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. Year AA BB CC 1 $7,280 $10,400 $13,520 2 9,360 10,400 12,480 3 12,480 10,400 11.440 Total $29,120 $31,200 $37,440 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. Compute each project's payback period. (Round answers to 2 decimal places, es. 15.25.) AA years BB years CC years Which is the most desirable project? The most desirable project based on payback period is The most desirable project based on payback period is Which is the least desirable project?