Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26,400. Each project will last for 3 years and produce the following net annual cash flows. Year AA 1$8,400 $12,000 $15,600 2 10,800 12,000 14,400 3 14,400 12,000 13,200 Total $33,600 $36,000 $43,200 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 tabe