a Problem 26-1A (Part Level Submission) U3 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 $164,800 Project Edge $180,250 Project Clayton $202,000 Capital investment Annual net income: Year 1 dy 14,420 14,420 14,420 14,420 14,420 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 $98,880 $72100 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows