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Cepeda Manufacturing Company is considering three new projects, each requiring an equipment investment of $22,000. Each project will last for 3 years and produce the following cash inflows. Year AA 1 $7,000 2 9 ,000 3 15,000 Total $31,000 BB $9,500 9,500 9.500 $28,500 C C $11,000 10,000 9,000 $30,000 The equipment's salvage value is zero. Cepeda uses straight-line depreciation. Cepeda will not accept any project with a payback period over 2 years. Cepeda's minimum required rate of return is 12% TABLE 3 Present Value of 1 (n) Periods .40388 6% 7% 8% 9% 10% .96154 95238 94340 0.93458 92593 91743 .90909 92456 90703 .89000 0.87344 .85734 .84168 .82645 .88900 .86384 .83962 0.81630 .79383 77218 .75132 .85480 .82270 79209 0.76290 73503 7084368301 .82193 7835374726 0.71299 68058 .64993 .62092 70496 0.66634 63017 .56447 .75992 .71068 .66506 0.62275 583495 4703 -51316 .73069 .67684 .62741 0.58201 54027 50187 .46651 .70259 .64461 .59190 0.54393 50025 .46043 42410 67556 .61391 .55839 0.50835 .46319 42241 38554 .64958 .58468 52679 0.47509 42888 .38753 .35049 .62460 55684 .49697 0.44401 .39711 35554 31863 60057 53032 46884 0.41496 .36770 32618 28966 57748 50507 44230 0.38782 34046 .2992526333 29925 55526 48102 48102 41727 0.36245 -31524 .27454 23939 53391 45811 39365 0.33873 .2918925187 21763 51337 43630 37136 0.31657 .27027 23107 .19785 49363 41552 35034 0.29586 25025 21199 17986 47464 39573 33051 0.27615 23171 .19449 .16351 45639 37689 210 0.2584221455 784314864 11% .90090 .81162 .73119 .65873 .59345 .53464 48166 43393 39092 35218 31728 28584 25751 .23199 20900 18829 16963 15282 13768 12402 12% 15% .89286 .86957 .7971975614 .71178 .65752 -6355257175 .56743 49718 .50663 43233 .45235 37594 32690 .36061 28426 32197 24719 .28748 21494 .25668 18691 .22917 16253 20462 -14133 .18270 .12289 .16312 10687 14564 .09293 13004 08081 11611 07027 10367 0 17 18 20 Type here to search DOLL Your answer is correct. Compute each project's payback period. (Round answers to 2 decimal places, e.g. 52.75.) AA BB CC Payback period years U -21 years 2.11 years Indicating the most desirable project and the least desirable project using this method. Most desirable Project CC Least desirable Project AA Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT LINK TO TEXT Attempts: (b) Compute the net present value of each project. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to o decimal places, e.g. 5,275.) A BB cc Net present value Indicating the most desirable project and the least desirable project using this method. Most desirable Least desirable I like to show Wadorthis. astian Om Sha ke Click if e here to search DOLL