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Wildhorse's Custom Construction Company is considering three new projects, each requiring an equipment investment of $ 2 6 , 8 4 0 . Each project

Wildhorse's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26,840.Each project will last for 3 years and produce the following net annual cash flows.YearAABBCC$8,540$12,200$15,86010,98012,20014,64014,64012,20013,420Total$34,160$36,600$43,920The equipment's salvage value is zero, and Wildhorse uses straight-line depreciation. Wildhorse will not accept any project with a cash payback period over 2 years. Wildhorse's required rate of rEturn is 12%. Click here to view PV table.

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