Indigo's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26,620. Each project will last for 3 years and produce the following net annual cash flows. Year 1 2 3 Total $8,470 Unresolved 14,520 $33,880 BB $12,100 12.100 12,100 $36,300 CC $15,730 14,520 13,310 $43,560 The equipment's salvage value is zero, and Indigo uses straight-line depreciation. Indigo will not accept any project with a cash payback period over 2 years. Indigo's required rate of return is 12%. Click here to view PV table. (a) Compute each project's payback period. (Round answers to 2 decimal places, eg. 15.25.) AA years BB years CC years Which is the most desirable project? Project AA Project BB Project CC The most desirable project based on payback period is Which is the least desirable project? The least desirable project based on payback period is Project BB Project AA (b) Project CC Compute the net present value of each project. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es: (45). Round final answers to the nearest whole dollar, eg. 5,275. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) AA BB CC Which is the most desirable project based on net present value? The most desirable project based on net present value is Project BB Project AA Project CC Which is the least desirable project based on net present value? The least desirable project based on net present value is Project Project AA Project CC