Crane's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,280. Each project will last for 3 years and produce the following net annual cash flows. The equipment's salvage value is zero, and Crane uses stralght-line depreciation. Crane will not accept ary project with a cash paytack period over 2 years. Crane's required rate of return is 12%. Click here to view the factor table (a) Compute each prolect's payback period. (Round anwers to 2 decimal places, es. 15.25. years 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 omounts using either a negative slgn preceding the number egg -45 or parentheseses. (45). Round final answers to the nearest whole dollar, es.5,275. For colculotion purposes, une 5 decimal places as dfiployed in the foctor table provided.) 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 v The least desirable project based on net present value is