Question 50 of 50 < > -18 E Bridgeport Manufacturing Company is considering three new projects, each requiring an equipment investment of $23,200. Each project will last for 3 years and produce the following cash flows. Year AA BB CC 1 $7,400 $9,900 $11,400 2 9,400 9,900 10,400 3 15,400 9,900 9,400 Total $32,200 $29,700 $31,200 The salvage value for each of the projects is zero. Bridgeport uses straight-line depreciation. Bridgeport will not accept any project with a payback period over 2.2 years. Bridgeport's minimum required rate of return is 12% Click here to view PV tables.