Monty Manufacturing Company is considering three new projects, each requiring an equipment investment of $25,200. Each project will last for 3 years and produce the following cash flows Year AA BB CC 1 $8,000 $10.900 $12,000 2 10,000 10,900 11.000 3 16,000 10.900 10,000 Total $34,000 $32,700 $33,000 The salvage value for each of the projects is zero Monty uses straight line depreciation. Monty will not accept any project with a paytrack period over 2.2 years. Monty's minimum required rate of return is 12%. (a) Compute each project's payback period. (Round ansu answers to 2 decimal places, c.9. 15.25.) AA years years BB CC years Which is the most desirable project? The most desirable project based on payback period is which is the least desirable project? The least desirable project based on payback period is (6) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses .. (45). Round find answers to the nearest whole dollar, e.g. 275. For calculation purposes, use s decimal places as displayed in the factor table provided) Ba CC which is the most desirable project based on net present value? The most desirable project based on net present aue is which is the last desirable project based on net present value? The least desirable project based on net present values