Riverbed Manufacturing Company is considering three new projects, each requiring an equipment investment of $26,200. Each project will last for 3 years and produce the following cash flows. Year BB CC 1 $8,400 $11,300 $12,400 2 10,400 11,300 11.400 3 16,400 10,400 11,300 $33,900 Total $35,200 $34,200 The salvage value for each of the projects is zero. Riverbed uses straight-line depreciation. Riverbed will not accept any project with a payback period over 2.2 years, Riverbed's minimunt required rate of return is 12% Click here to view PV tables, (a) Compute each project's payback period (Round answers to 2 decimal places, e.3. 52.75.) AA BB Payback period 1 years years years