Pharoah's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,740. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $8,190 $11,700 $15,210 2 10,530 11,700 14,040 3 14,040 11,700 12,870 Total $32,760 $35,100 $42,120 The equipment's salvage value is zero, and Pharoah uses straight-line depreciation. Pharoah will not accept any project with a cash payback period over 2 years. Pharoah'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, e.g. 15.25.) AA BB years years CC years