can you help with the incorrect one please!

Your answer is partially correct. Try again. Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $22,000. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC $7,000 $10,000 $13,000 1 9,000 10,000 12,000 10,000 11,000 12,000 $28,000 $30,000 $36,000 Total The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug'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, e.g. 15.25.) AA 2.5 years BB 2.2 years CC 1.75 years Which is the most desirable project? The most desirable project based on payback period is Project CC + Which is the least desirable project? The least desirable project based on payback period is Project AA + (b) Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round final answers to the nearest whole dollar, e.g. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) AA 34 BB 2020 CC 7007