Current Attempt in Progress Novak Manufacturing Company is considering three new projects, each requiring an equipment investment of $25,400. Each project will last for 3 years and produce the following cash flows. Year AA BB CC 1 $8,100 $11,000 $12,100 2 10,100 11,000 11,100 3 16,100 11,000 10,100 Total $34,300 $33,000 $33,300 The salvage value for each of the projects is zero. Novak uses straight-line depreciation. Novak will not accept any project with a payback period over 2.2 years. Novak'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 places, e.g. 52.75)