Wildhorse's Custom Construction Company is considering three new projects, each requiring an equipment investment of $24,420. Each project will last for 3 years and produce the following net annual cash flows. The equipment's salvage value is zero, and Wildhorse uses straight-line depreciation. Wildhorse will not accept any project with a cash pavbick period over 2 years. Wildhorse's required rate of return is 12% Click here to view PV table. Compute each project's pryback period. (Round anwers to 2 decimal places, es. 15.25.) \begin{tabular}{|l|l} \hlineAA & years \\ \hlineBB & years \\ \hlineCC & years \end{tabular} Which is the most desirable project? The most desirable project based on payback period is Which is the teast desirable project? The least desirable project based on payback period is (b) Compute the net present value of each project. (Enter nezotive omounts waing either a negative sign preceding the number es. 45 or porentheses es (45). Round final onswers to the nearet whole dollar, es. 5,275. For calculation purpores, use 5 decimal ploces as dicplayed in the foctor table provided.) cc$ Compute the net present value of each project. fEnter nejotive amounts using either a negative sign precedirg the rumber eg. 45 or parentheser es. (45). Alound finol anwers to the neorest whole dollar, es 5.275 . For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided) Which is the most destrable project based on net present value? The most desirable project basod on net present value is Which is the least desirable project bared on net present value? The least desirable project based on net present value is