CALCULATOR FULL SCREEN PRINTER VERSION Problem 16-1 Marigold 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 BACK er Project Bono $164,800 Project Edge $180,250 Project Clayton $204,000 Capital investment Annual net income: Year 1 2 dr. 3 4 14,420 14,420 14420 14,420 14,420 $72,100 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 5 Total $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.) Click here to view evitable Compute the cash payback period for each project. (Round answers to 2 decimal places, 0.9. 10.50.) Project Bono years Project Edge years Project Clayton years Compute the net present value for each project. (Round answers to o decimal places, c.0. 125. If the net present value is negative, use either a negative ston preceding the number e.g. -45 or parentheses e.o. (45). For calculation purposes, use 5 decimal places as displayed in the factor tahle provided) Project Bono Project Edge Project Clayton Net present value Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, s. 10.50.) Project Bono Project Edge Project Clayton Annual rate of return 96 Rank the projects on each of the foregoing bases. Which project do you recommend Net Annual Project Cash Payback Present Value Rate of Return Bono Edge Clayton y Rank the projects on each of the foregoing bases. Which project do you recommend? Project Cash Payback Net Present Value Annual Rate of Return Bono Edge v Clayton The best project is Click if you would like to Show Work for this question:ren Show Work