please give work note and explain

Current Attempt in Progress Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $27,500. Each project will last for 3 years and produce the following net annual cash flows. Year AA BB CC 1 $8,750 $12,500 $16,250 11.250 12,500 15,000 15,000 12,500 13,750 Total $35,000 $37,500 $45,000 The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not aco years Doug's required rate of return is 12%. Click here to view PV table, cept any project with a cash payback period over 2 (a) Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25.) AA 2.50 years 2.20 BB years 1.75 years C Which is the most desirable project? Project AA v The most desirable project based on payback period is sesPM Which is the most desirable project? The most desirable project based on payback period is Project AA Which is the least desirable project? The least desirable project based on payback period is Project CC (b) Compute the net present value of each project (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45). Round final answers to the nearest whole dollar, e.g 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 Which is the least desirable project based on net present value? The least desirable project based on net present value is 69019 x to search