Concord Manufacturing Compary is considering three new projects, each requiring an equipment investment of 527.400 . Each project will last for 3 years and produce the following cash flows. The salvage value for each of the projects is zero. Conicord uses straight-line depreciation. Concord will not accept any project with a payback period over 23 years, Concord's minimum required rate of return is 12%. Click here to view PV tables. (a) Compute each project's payback period, (Round answers to 2 decimal ploces, 45.52 .75 \). ) Indicating the most desirable project and the least desirable project using this method