What is AA's net present value?

Your answer is partially correct. Try again. Doug's Custom Construction Company is considering three new projects, each requiring an equipment investment of $26,400. Each project will last for 3 years and produce the following net annual cash flows Year AA 1 $8,400 $12,000 $15,600 2 10,800 12,000 14,400 3 14,400 12,000 13,200 Total $33,600 $36,000 $43,200 The equipment's salvage value is zero, and Doug uses straight-line depreciation. Doug will not accept any project with a cash payback period over 2 years. Doug's required rate of return is 12%. Click here to view PV table. Compute each project's payback period. (Round answers to 2 decimal places, e.g. 15.25) 2.50 years 2.20 years 1.75 years 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.) 26360 2421 8404