Sheridan's Custom Construction Company is considering three new projects, each requiring an equipment investment of $23.540. Each project will last for 3 years and produce the following net annual cash fiows The equipment's salvage value is zero, and Sheridan uses straight line depreciation. Sheridan will not accept any project with a cash payback period over 2 years. Sheridan's required rate of return is 12% click here to view PV table. (a) Compute each project's payback period. Round answers to 2 decinal places es. 15.25. AABBCCyearsyears Which is the most desirable project? The most desirable prolect based on parback period is Which is the least desirable project? The least desirable project based on payback period is 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 each project. (Enter negotive amounts using either a negative sign preceding the number es 45 or parentheses es. (45). Round final answers to the nearest whole dollar, es, 5, 275. For calculotion purposes, use 5 decimal places as disployed in the factor tabile provided) 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