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Consider the following three projects. All three have an initial investment of $1,100,000. (Click the icon to view the investments.) Requirements 1. Dotermine the payback period of each project. Rank the projects from most desirable to loast desirable based on payback. 2. Are there other factors that should be considered in addition to the payback period? Requirement 1. Determine the payback period of each project. Rank the projects from most desirablo to least desirable based on payback. First, detormine the payback period of each projoct. (Enter the payback period as a numeral.) Data table