Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $24,860. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $7,910 $11,300 $14,690 2 10,170 11,300 13,560 3 13,560 11,300 12,430 Total $31,640 $33,900 $40,680 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 the factor table. (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) AA BB CC 90 years years years Which is the most desirable project? The most desirable project based on payback period is