Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,220....

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Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,220. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,070 $10,100 $13,130 2 9,090 10,100 12,120 3 12,120 10,100 11,110 Total $28,280 $30,300 $36,360 The equipment's salvage value is zero, and Blossom uses straight-line depreciation. Blossom will not accept any project with a cash payback period over 2 years. Blossom'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 BB CC Which is the most desirable project? years years years The most desirable proiect based on payback period is esc tab caps lock 1 F1 Q 2 A F2 80 F3 F4 #3 4 SUPPORT 5 olo LO % F5 W E R T S Z X D LL F 6 9 Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,220. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,070 $10,100 $13,130 2 9,090 10,100 12,120 3 12,120 10,100 11,110 Total $28,280 $30,300 $36,360 The equipment's salvage value is zero, and Blossom uses straight-line depreciation. Blossom will not accept any project with a cash payback period over 2 years. Blossom'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 BB CC Which is the most desirable project? years years years The most desirable proiect based on payback period is esc tab caps lock 1 F1 Q 2 A F2 80 F3 F4 #3 4 SUPPORT 5 olo LO % F5 W E R T S Z X D LL F 6 9