Question 2 of 7 Show Attempt History Current Attempt in Progress 7.5/15 E 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 BB CC 1 $7,000 $9,500 $11,000 2 9,000 9,500 10,000 3 15,000 9.500 9.000 Total $31.000 $28,500 $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% Click here to view PV table