25 Question 2 of 4 Question Part Score 11/44 : Attempts: 1 of 3 used (b) Compute the net present value for each project. (Round answers to O decimal places, e.g. 125. If the net present value is negative, use either a negative sign preceding the number eg-45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton Net present value $ $ $ eTextbook and Media Save for Later Question Part Score (c) Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. 11/11 -/11 Question 2 of 4 View Policies Show Attempt History Current Attempt in Progress 11/44 Sheridan 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 $172,000 $190,000 $214,000 Annual net income: Year 1 15,120 19,440 29,160 2 15,120 18,360 24,840 3 15,120 17,280 22,680 4 15,120 12,960 14,040 5 15,120 9,720 12,960 Total $75,600 $77,760 $103,680 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 PV table. (a) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono 3.47 years Project Edge 3.41 years Project Clayton 3.16 years eTextbook and Media Question Part Score Attempts: Question Part Score (b) Compute the net present value for each project. (Round answers to 0 decimal places, e.g. 125. If the net present value is negative, use either a negative sign preceding the number eg-45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Net present value eTextbook and Media Save for Later Question Part Score (c) Project Edge Project Clayton Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. --/11 11/11