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 Edge Project Bono $170,000 Project Clayton $ 202,000 Capital investment $185,000 Annual net income: Year 1 14.700 18,900 28,350 2 14,700 17,850 24.150 3 14,700 16,800 22,050 4 14.700 12,600 13,650 5 14,700 9,450 12,600 Total $73,500 $75,600 $100,800 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. (a) Compute the cash payback period for each project. (Round answers to 2 decimal places... 10.50) (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge years Project Clayton years eTextbook and Media Save for Later Attempts: 0 of 2 used Submit