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as follows: Project Main Project Odyssey Project Duo Capital investment: Annual net income: $150,000 $160,000 $200,000 Year 1 $13,000 $18,000 $27,000 2 13,000 17,000 22,000
as follows: Project Main Project Odyssey Project Duo Capital investment: Annual net income: $150,000 $160,000 $200,000 Year 1 $13,000 $18,000 $27,000 2 13,000 17,000 22,000 3 13,000 16,000 21,000 4 13,000 12,000 13,000 5 13,000 9,000 12,000 Total $65,000 $72,000 bar($95.000) Instructions a. Calculate the cash payback period for each project. (Round to two decimals.) b. Calculate the net present value for each project. (Round to the nearest dollar.) b. Main: $(5,857) c. Calculate the annual rate of return for each project. (Round to two decimals.) d. Rank the projects based on each of your answers for parts (a). (b), and (c). Which project do you recommend? Calculate the payback period, annual rate of return, and net present value, and
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