Blossoms custom construction problem

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 AA BB CC 1 $8,610 $12,300 $15,990 2 11,070 12,300 14,760 3 14,760 12,300 13,530 Total $34,440 $36,900 $44,280 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. (a) Compute each project's payback period. (Round answers to 2 decimal places, es. 15.25.) years BB years CC years Which is the most desirable project? The most desirable project based on payback period is Which is the least desirable project? The least desirable project based on payback period is (b) Compute the net present value of each project (Enter negotive amounts using elther a negative sign preceding the number es. 45 or parentheses os. (45). Round final answers to the nearest whole dollar, eg. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided) AA BB CC Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value? The least desirable project based on net present value is e Textbook and Media