Current Attempt in Progress Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $25,740. Each project will last for 3 years and produce the following net annual cash flows. Year 1 2 AA $8,190 Unresolved 14,040 $32,760 BB $11.700 11,700 11,700 $35.100 CC $15,210 14,040 12,870 $42,120 3 Total The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return is 12%. Click here to view PV table. (a) Compute each project's payback period. (Round answers to 2 decimal places, s. 15.25.) AA 25 years BB 2.20 years CC 1.75 years Which is the most desirable project? The most desirable project based on payback period is Project CC 3. = The most desirable project based on payback period is Project CC Which is the least desirable project? The least desirable project based on payback period is Project AA (b) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number as: -45 or parentheses es. (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 BB Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value? The least desirable project based on net present value is