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 $165,000 $179,000 $202,000 Annual net income: Year 1 14,280 18,360 27,540 N 14,280 17,340 23,460 3 14,280 16,320 21,420 4 14,280 12,240 13,260 5 14,280 9,180 12,240 Total $71,400 $73,440 $97.920 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.) Click here to view the factor table. Your answer is partially correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono 3.48 years Project Edge 3.64 years Project Clayton 3.73 years X Your answer is incorrect. Compute the net present value for each project. (Round answers to 0 decimal places, e.g. 125. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton Net present value $ -5917 $ - 17716 $ -25148 e Textbook and Media X Your answer is incorrect. Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, e.g. 10.50%.) Project Bono Project Edge Project Clayton Annual rate of return 17.5 % 16.46 % 19.24 % e Textbook and Media