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 1 14,420 18.540 27.810 2 14,420 17.510 23,690 3 14,420 16,480 21,630 45 14,420 12,360 13,390 5 14,420 9.270 12.360 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) Compute the cash payback period for ch project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono Project Edge years. years Project Clayton eTextbook and Media Save for Later years. (b) The parts of this question must be completed in order. This nart will be available Attempts: 0 of 3 used Submit Answer