Sarasota Manufacturing Company is considering three new projects, each requiring an equipment investment of $27,000. Each project will last for 3 years and produce the following cash flows. The salvage value for each of the projects is zero. Sarasota uses straight-line depreciation. Sarasota will not accept any project with a payback period over 23 years. Sarasota's minimum required rate of return is 12%. Ctickhere to view PV tables. (a) Compute each project's payback period. (Round answers to 2 decimal places, es. 52.75.) Compute each project's payback period. (Round answers to 2 decimal ploces, e8. 52.75.) Indicating the most desirable project and the least desirable project using this method