0.83/5 Pharoah Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows Project Bono Project Edge Project Clayton Capital investment $162.000 $175,000 $204,000 Annual net Income Year 14.280 18.360 27,540 2 14.280 17,340 23,460 3 14.280 16,320 21.420 14.280 12.240 13.260 14,280 9.180 12,240 Total $71.400 $73,440 $97,920 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15% (Assume that cash flows occur evenly throughout the year) Click here to view the factor table B