Cullumber's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,500. Each project will last for 3 years and produce the following net annual cash flows. The equipment's salvage value is zero, and Cullumber uses straight-line depreciation. Cullumber will not accept any project with a cash payback period over 2 years. Cullumber'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.8. 15.25.) years BB years Compute each project s payback period. (Round answers to 2 decimal ploces, e g. 15.25.) Which is the most desirablo project? The most desirable project based on payback period is Which is the least desirable groject? The least desirable project based on payback period is Compute the net present value of each project. (Enter nejative amounts using either a negative sign greceding the number e. I 45 or porentheses es. (45). Round finat answers to the nearest whole dollar, e.5. 5,275. For coleulation purpoies, use 5 . decimal places as diplayed in the foctor table provided.) 8B cC Which is the most desirable project based on net aresent value? The most desirable project based on net preseat value is Which is the leant desirabie aroject bssed on net present value? The least desiroble project based cn net present value is