Question 4 0.7/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Crane's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,080. Each project will last for 3 years and produce the following net annual cash flows. Year AA $7,980 $11,400 $14,820 11,400 13,680 2 10,260 12,540 13,680 11,400 Total $31,920 $34,200 $41,040 The equipment's salvage value is zero, and Crane uses straight-line depreciation. Crane will not accept any project with a cash payback period over 2 years. Crane's required rate of return is 12 %. Click here to view PV table. (b) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number e g -45 or parentheses eg. (45). Round final answers to the nearest whole dollar, eg. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) AA 2.5 BB CC Which is the most desirable project based on net present value? The most desirable project based on net present value is Project CC Which is the least desirable project based on net present value? Project AA The least desirable project based on net present value is