elearning.alfaisal.edu ck Links Learning Help Desk All Courses Time left 0:32:10 estion 1 1 yet swered arked out of 00 Flag estion XYZ Manufacturing Company is considering three new projects, each requiring an equipment investment of $23,000. Each project will last for 3 years and produce the following cash inflow: AA BB CC $7,000 $9,500 $13,000 9,000 9,500 10,000 15,000 9,500 9,000 $31,000 $28,500 $32,000 The equipment's salvage value is zero. The Co. uses straight-line depreciation. They will not accept any project with a payback period over 2.5 years. Co's minimum required rate of return is 12%. Year Discount Factor 1 .89286 2 .79719 3 .71178 Instructions (a) Compute each project's payback period, indicating the most desirable project and the least desirable project using this method. (Round to two decimal