Compute each projects payback period. (Round answers to 2 decimal places, e.g. 15.25.)

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Which is the most desirable project?

The most desirable project based on payback period is

The least desirable project based on payback period is

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 t

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The most desirable project based on net present value is

The least desirable project based on net present value is

Question 8 Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $24,200. Each project will last for 3 years and produce the following net annual cash flows. Year BB CC 1 2 $7,700 $11,000 $14,300 9,900 11,000 13,200 13,200 11,000 12,100 $30,800 $33,000 $39,600 3 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