Oriole's Custom Construction Company is considering three new projects, each requiring an equipment investment of $23,100. Each project will last for 3 years and produce the following net annualcash nows. The equipment's salvage value is zero, and Oriole uses straight-line depreciation. Oriole will not accept any project with a cash payback period over 2 years. Oriole'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) 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 paybackperiod is (b) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number es - 45 or parentheses es. (45). Round final answers to the nearest whole dollar, es. 5,275. For calculation purposes, use 5 decimal ploces as displaved in the foctor table provided.) Compute the net present value of each project. (Enter negative amounts using either a negotive sign preceding the number eg. 45 or parentheses es. (45). Round final answers to the nearest whole dollar, es. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) AA BB CC Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value? The least desirable project based on net present value is TABLE 1 Future Value of 1 TABIE 2 Future Value of an Annuity of 1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \begin{tabular}{c} (n) \\ Payments \end{tabular} & 4% & 5% & 6% & 7% & 8% & 9% & 10% & 11% & 12% & 15% \\ \hline 1 & 1.00000 & 1.00000 & 1.00000 & 1.0000 & 1,00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 & 1.00000 \\ \hline 2 & 2.04000 & 2,05000 & 2.06000 & 2.0700 & 2.080 & 2.09000 & 2. 10000 & 211000 & & 2.15000 \\ \hline 3 & 3.12160 & 3.15250 & 3.18360 & 3.2149 & 3.24640 & 3.27810 & 3.31000 & 10 & & 3.47250 \\ \hline 4 & 4.24646 & 4.31013 & 4.37462 & 4.4399 & 4.50611 & 4.57313 & 4.64100 & 4.70973 & 4.77933 & 4.99338 \\ \hline 5 & 5.41632 & 5.52563 & 5.63709 & 5.7507 & 5,86660 & 5.98471 & 6.10510 & 6.22780 & 6.35285 & 6.74238 \\ \hline 6 & 6.63298 & 6.80191 & 6.97532 & 7.1533 & 7.33592 & 7,52334 & 7.71561 & 7.91286 & 8.11519= & 8.75374 \\ \hline 7 & 7.89829 & 8.14201 & 8.39384 & 8.6540 & 8.9 & 9.2 & 9.48 & 9.78327 & 01 & 11.0 \\ \hline 8 & 9.21423 & 9.54911 & 9.89747 & 10.2598 & 10.63663 & 11.02847 & 11.43589 & 11.85943 & 969 & 13,72682 \\ \hline 9 & 10.58280 & 11.02656 & 11.49132 & 11.9780 & 12.48756 & 13.02104 & 13.57948 & 397 & 566 & 16.78584 \\ \hline 10 & 12.00611 & 12.57789 & 13.18079 & 13,8164 & 14.48656 & 15.19293 & 15,93743 & 16.72201 & 17.54874 & 20.30372 \\ \hline 11 & 13,48635 & 14.20679 & 14,97164 & 15,7836 & 16.64549 & 17.56029 & 18.53117 & 19.56143 & 20.65458 & 24.34928 \\ \hline 12 & 15.02581 & 15.91713 & 16.86994 & 17.8885 & 18.97713 & 20.14072 & 21.38428 & 22.71319 & 24.13313 & 29 \\ \hline 13 & 16.62684 & 17.71298 & 18.88214 & 20.1406 & 21.49530 & 22.95339 & 24.52271 & 26,21164 & 28.02911 & 192 \\ \hline 14 & 18.29191 & 19.59863 & 21.01507 & 22.5505 & 24.21492 & 26.01919 & 27.97498 & 30.09492 & 3239200 & 40.5 \\ \hline 15 & 20.02359 & 21,57856 & 23.27597 & 25.1290 & 27.15211 & 29.36092 & 31.77248 & 34,40536 & 37,27972 & 47,58041 \\ \hline 16 & 21.82453 & 23.65749 & 25.67253 & 27.8881 & 30.32428 & 33.00340 & 35.94973 & 39.18995 & 4275328 & 55.71747 \\ \hline 17 & 23.6975I & 25,84037 & 28.21288 & 30.8402 & 33.75023 & 36.97351 & 40,54470 & 44.50084 & 4888367 & 65.07509 \\ \hline 18 & 25,64541 & 28.13238 & 30.90565 & 33.9990 & 37,45024 & 41,30134 & 45.59017 & 50.39593 & 55.74972 & 75.83636 \\ \hline 19 & 27.67123 & 30.53900 & 33.75999 & 37.3790 & 41.44626 & 46,01846 & 51.15909 & 56.93949 & 63,43968 & 88.21181 \\ \hline 20 & 29.77808 & 33.06595 & 36.78559 & 40.9955 & 45.76196 & 51.16012 & 57.27500 & 64.20283 & 72.05244 & 102.44358 \\ \hline \end{tabular} TABLE 3 Present Value of 1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline (n) & & & & & & & & & & \\ \hline Periods & 4% & 5% & 6% & 7% & 8% & 9% & 10% & 11% & 12% & 15% \\ \hline 1 & 96154 & 95238 & 94340 & 0.93458 & 92593 & 91743 & 90909 & .90090 & 89286 & 86957 \\ \hline 2 & 92456 & .90703 & 89000 & 0.87344 & .85734 & .84168 & 82645 & 81162 &, 79719 & .75614 \\ \hline 3 & 88900 & 86384 & 83962 & 0.81630 & 79383 & .77218 & 75132 & .73119 & .71178 & 65752 \\ \hline 4 & .85480 & 82270 & 79209 & 0.76290 & .73503 & .70843 & .68301 & 65873 & .63552 & $7175 \\ \hline 5 & 82193 & 78353 & .74726 & 0.71299 & .68058 & .64993 & .62092 & 59345 & 56743 & 49718 \\ \hline 6 & .79031 & .74622 & .70496 & 0.66634 & .63017 & 59627 & 56447 & 53464 & 50663 & .43233 \\ \hline 7 & .75992 & 71068 & .66506 & 0.62275 & 58349 & 54703 & 51316 & 48166 & .45235 & 37594 \\ \hline 8 & .73069 & .67684 & .62741 & 0.58201 & 54027 & 50187 & .46651 & .43393 & 40388 & 32690 \\ \hline 9 & 70259 & 64461 & 59190 & 0.54393 & 50025 & .46043 & 42410 & 39092 & 36061 & 28426 \\ \hline 10 & .67556 & .61391 & 55839 & 0.50835 & 46319 & .42241 & 38554 & 35218 & 32197 & 24719 \\ \hline 11 & .04958 & 58468 & 52679 & 0.47509 & 42888 & 38753 & 350+9 & 31728 & 28748 & 21494 \\ \hline 12 & 62460 & 55684 & 49697 & 0,44401 & 39711 & 35554 & 31863 & 28584 & 25068 & 18691 \\ \hline 13 & 60057 & 53032 & 46884 & 0.41496 & 36770 & 32618 & 28966 & 25751 & 22917 & 16253 \\ \hline 14 & 57748 & 50507 & 44230 & 0.38782 & 34046 & 29925 & 26333 & 23199 & 20462 & 14133 \\ \hline 15 & 55526 & .48102 & .41727 & 0.36245 & 31524 & 27454 & 23939 & 20900 & 18270 & 12289 \\ \hline 16 & 53391 & 45811 & 39365 & 0.33873 & 29189 & .25187 & 21763 & 18829 & .16312 & 10687 \\ \hline 17 & 51337 & 43630 & 37136 & 0.31657 & 27027 & 23107 & 19785 & .16963 & 14564 & .09293 \\ \hline 18 & 49363 & 41552 & 35034 & 029586 & 25025 & 21199 & .17986 & 15282 & 13004 & 08081 \\ \hline 19 & 47464 & 39573 & 33051 & 0.27615 & 23171 & 19449 & 16351 & .13768 & .11611 & 07027 \\ \hline 20 & 45639 & 37689 & 31180 & 0.25842 & .21455 & .17843 & 14864 & 12403 & 10367 & .06110 \\ \hline \end{tabular} TABLE 4 Present Value of an Annuity of 1 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|l|}{ (n) } \\ \hline Payments & 4% & 5% & 6% & 7% & 8% & 9% & 10% & 11% & 12% & 15% \\ \hline 1 & 96154 & .95238 & .94340 & 0.93458 & 92593 & .91743 & 90909 & .90090 & .89286 & 86957 \\ \hline 2 & 1.88609 & 1.85941 & 1.83339 & 1.80802 & 1.78326 & 1.75911 & 1.73554 & 1.71252 & 1.69005 & 1.62571 \\ \hline 3 & 2.77509 & 2.72325 & 2.67301 & 2.62432 & 2.57710 & 2.53130 & 2.48685 & 2.44371 & 2.40183 & 2.28323 \\ \hline 4 & 3.62990 & 3.54595 & 3.46511 & 3.38721 & 3.31213 & 3.23972 & 3.16986 & 3,10245 & 3.03735 & 2.85498 \\ \hline 5 & 4,45182 & 4.32948 & 4.21236 & 4.10020 & 3.99271 & 3.88965 & 3.79079 & 3.69590 & 3.60478 & 3.35216 \\ \hline 6 & 524214 & 5.07569 & 4.91732 & 4.76654 & 4.62288 & 4.48592 & 4.35526 & 4.23054 & 4.11141 & 3.78448 \\ \hline 7 & 6.00205 & 5.78637 & 558238 & 5,38929 & 5.20637 & 5.03295 & 4.86842 & 4.71220 & 4.56376 & 4.16042 \\ \hline 8 & 6.73274 & 6.46321 & 6.20979 & 5.97130 & 5.74664 & 5,53482 & 5,33493 & 5.14612 & 4.96764 & 4.48732 \\ \hline 9 & 7.43533 & 7.10782 & 6.80169 & 6.51523 & 6.24689 & 5.99525 & 5.75902 & 5.53705 & 5.32825 & 4.77158 \\ \hline 10 & 8.11090 & 7.72173 & 7,30009 & 7.02358 & 6.71008 & 6.41766 & 6.14457 & 5.88923 & 5.65022 & 5.01877 \\ \hline 11 & 8.76048 & 8.30641 & 7.81687 & 7,49867 & 7,13896 & 6.80519 & 6.49506 & 6.20652 & 5.93770 & 5.23371 \\ \hline 12 & 938507 & 8.86325 & 8.38384 & 7.94269 & 7.53608 & 7.16073 & 0.81369 & 6.49236 & 6.19437 & 5.42062 \\ \hline 13 & 9.98565 & 9.39357 & 8.85268 & 8.35705 & 7,90378 & 7.48690 & 7.10336 & 6.74987 & 6.42355 & 558315 \\ \hline 14 & 10.56312 & 9.89864 & 9.29498 & 8.74547 & 8.24424 & 7.78615 & 7,36669 & 6.98187 & 602817 & 5.72448 \\ \hline is & 11.11839 & 10.37966 & 9.71225 & 9.10791 & 8.55948 & 8.06069 & 7.00608 & 7.19087 & 6.81086 & 5.84737 \\ \hline 16 & 11.65230 & 10.83777 & 10.10590 & 9.44065 & 885137 & 8.31256 & 2.82371 & 737916 & 0.97399 & 5.95424 \\ \hline 17 & 12.16567 & 11.27407 & 10.47726 & 9.76322 & 9.12164 & 8.54363 & 8.02155 & 7.54879 & 7.11963 & 6.04716 \\ \hline 18 & 12.65930 & 11.08959 & 1082760 & 10.05909 & 937189 & 8.75563 & 8.20141 & 7.70162 & 7,24967 & 6.12797 \\ \hline 19 & 13,13394 & 12.08532 & 11.15812 & 10.33560 & 9.60360 & 8.95012 & 8.36492 & 7.83929 & 736578 & 6.19823 \\ \hline 20 & 13.59033 & 12.46221 & 11.46992 & 10.5940t & 9.81815 & 9.12855 & 8.51356 & 7.96333 & 7.46044 & 6.25933 \\ \hline \end{tabular}