-)5 III Capital Investment Annual net income: Project Bono $165,000 Project Edge $178,000 Project Clayton $202,000 Year 1 14420 18,540 27,810 2 14,420 17.510 23.690 3 14420 16,480 21,630 4 14.420 12.360 13,390 14,420 9.270 12360 Total $72,100 $74.160 598,880 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.) Compute the cash payback period for each project. (Round answers to 2 decimal places, es. 10.50.) Project Bono years Project Edge years Project Clayton years