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. Year AA BB CC 1 $8.540 $12.200 $15.860 2 10.980 12.200 14.640 3 14.640 12.200 13.420 Total $34.160 $36,600 $43.920 The 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 the factor table. (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) AA 251 years 88 22 years 175 years