Blossom's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,060. Each project will last for 3 years and produce the following net annual cash flows. Year 1 2 (a) 3 AA AA $8,610 BB 11,070 CC BB 14,760 Total $34,440 $36,900 $44,280 $12,300 $15,990 12,300 CC 12,300 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 PV table. 14,760 13,530 Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) years years years

Blotisom's Cintom Construction Compary is considering three new projects, esch requiring an nquipment investment of 527,060 Each project will last for 3 years and produce the following net annal cash flows. The equipment's salvage value is rero, and Blohiom unes straight-line depreciation Blonsom will not accept ary project with a cash payback period over 2 years. Blossonis required rate of return is \12. Clich bere to view PV table (a) Compute esch projecis paytuck period. (Round answer to 2 decimal ploces, es. 15.25) A. rears B0 years cc years