Ivanhoe's Custom Construction Company is consider ing three new projects each requiring an equipment investment of $25.500. Each project will last for 3 years and produce the following net annual cach flow. The equipment's salvage value is zero, and Ivanhoe uses straight-fine depreciation ivahhoe will ost accept any project with a caso pomback period over 2 year. Ivanhoe's required rate ef return is 12%. Cick here to view the factor cabie (a) Compute each projects payback period, (Round anawen to 2 decimal places, es 15.25) Compute each project's payback period. (Round answers to 2 decimal places, es 15.25.) \begin{tabular}{|l|l} \hline AA & years \\ \hline BB & years \\ \hline CC & years \\ \hline \end{tabular} The most desirable project based on payback period is Which is the least desirable project? The least desirable project based on payback period is (b) Compute the net present value of eachproject. (Inter negative amouns using either a nepative sian proceding the number es: 45 or parentheses eg. (45). Round final answers to the necrest whole dollar, eg. 5,275. For calculatian purpases, use 5 decinal ploces as disployed in the factor table provided.) Compute the net present value of each project. (Enter nesative amounts uning either a negative sign preceding the number es -45 or the factor table provided. AA B8 CC Which is the most desirable project based on net present value? The most desirable project based on net present value is Which is the least desirable project based on net present value