Blossom 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 $$166,000$ $$176,000$ $$206,000$

Annual net income:

Year $114,42018,54027,810$

$214,42017,51023,690$

$314,42016,48021,630$

$414,42012,36013,390$

$514,4209,27012,360$

Total $$72,100$ $$74,160$ $$98,880$

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.