Carla Vista 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 Clayton Project Bono $176,000 Project Edge $191,000 $218,000 Capital investment Annual net income: Year 1 15,260 19,620 29.430 2 15,260 18,530 25,070 3 15,260 17 440 22,890 4 15,260 13,080 14,170 5 15.260 9,810 13,080 Total $76,300 $78,480 $104,640 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, es. 10.50) Project Bono 1 years Project Edge years Project Clayton years TABLE 1 Future Value of 1 (ra) Periods 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 4% 1.00000 1.04000 1.08160 1.12486 1.16986 1.21665 1.26532 1.31593 1.36857 1.42331 1.48024 1.53945 1.60103 1.66507 1.73168 1.80094 1.87298 1.94790 2.02582 2.10685 2.19112 5% 1.00000 1.05000 1.10250 1.15763 1.21551 1.27628 1.34010 1.40710 1.47746 1.55133 1.62889 1.71034 1.79586 1.88565 1.97993 2.07893 2.18287 2.29202 2,40662 2.52695 2.65330 6% 1.00000 1.06000 1.12360 1.19102 1.26248 1.33823 1.41852 1.50363 1.59385 1.68948 1.79085 1.89830 2.01220 2.13293 2.26090 2.39656 2.54035 2.69277 2.85434 3.02560 3.20714 79 1.00000 1.07000 1.14490 1.22504 1.31080 1.40255 1.50073 1.60578 1.71819 1.83846 1.96715 2.10485 2.25219 2.40985 2.57853 2.75903 2.95216 3.15882 3.37993 3.61653 3.86968 8% 95 1.00000 1.00000 708000 1.09000 16640 1.18810 1.25971 1.29503 1.36049 1.41158 1.46933 1.53862 1.58687 1.67710 1.71382 1.82804 1.85093 1.99256 1.99900 2.17189 2.15892 2.36736 2.33164 2.58043 2.51817 2.81267 2.71962 3.06581 2.93719 3.34173 3.17217 3.64248 3.42594 3.97031 3.70002 4.32763 3.99602 4.71712 4.31570 5.14166 4.66096 5.60441 1096 1.00000 1.10000 1.21000 1.33100 1.46410 1.61051 1.77156 1.94872 2.14359 2.35795 2.59374 2.85312 3.13843 3.45227 3.79750 4.17725 4.59497 5.05447 5.55992 6.11591 6.72750 119 1.00000 1.1 1000 1.23210 1.36763 1.51807 1.68506 1.87041 2.07616 2.30454 2.55803 2.83942 3.15176 3.49845 3.88328 4.31044 4.78459 5.31089 5.89509 6.54355 7.26334 8,06231 12% 1.00000 1. 12000 1.25440 1.40493 1.57352 1.76234 1.97382 2.21068 2.47596 2.77308 3.10585 3.47855 3.89598 4.36349 4.88711 5.47357 6.13039 6.86604 7.68997 8.61276 9.64629 15% 1.00000 1.15000 1.32250 1.52088 1.74901 2.01.136 2.31306 2.66002 3.05902 3.51788 4.04556 4.65239 5.35025 6.15279 7.07571 8.13706 9.35762 10.76126 12.37545 14.23177 16.36654 TABLE 2 Future Value of an Annuity of 1 (H) Payments 5% 6% 7% 8% 9% 10% 1190 129 15% 1 1.00000 1.00000 1.00000 1.0000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2.04000 2.05000 2.06000 2.0700 2.08000 2.09000 2.10000 2.11000 2.12000 2.15000 3 3.12160 3.15250 3.18360 3.2149 3.24640 3.27810 3.31000 3.34210 3.37440 3.47250 4 4.24646 4.31013 4.37462 4.4399 4.50611 4.57313 4.64100 4.70973 4.77933 4.99338 5 5,41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 6 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 7.91286 8.11519 8.75374 7 7.89829 8.14201 8.39384 8.6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 8 9.21423 9.54911 9.89747 10.2598 10.63663 11.02847 11.43589 11.85943 12.29969 13.72682 9 10.58280 11.02656 11.49132 11.9780 12.48756 13.02104 13.57948 14.16397 14.77566 16.78584 10 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 15.93743 16.72201 17.54874 20.30372 11 13.48635 14.20679 14.97164 15.7836 16.64549 17.56029 18.53117 19.56143 20.65458 24.34928 12 15.02581 15.91713 16.86994 17.8885 18.97713 20.14072 21.38428 22.71319 24.13313 29.00167 13 16.62684 17.71298 18.88214 20.1406 21.49530 22.95339 24,52271 26.21164 28.02911 34.35192 14 18.29191 19.59863 21.01507 22.5505 24.21492 26.01919 27.97498 30.09492 32.39260 40.50471 15 20.02359 21.57856 23.27597 25.1290 27.15211 29.36092 31.77248 34.40536 37.27972 47,58041 16 21.82453 23.65749 25.67253 27.8881 30.32428 33.00340 35.94973 39.18995 42.75328 55.71747 17 23.69751 25.84037 28 21288 30.8402 33.7502336.97351 40.54470 44.50084 48.88367 65.07509 18 25.64541 28.13238 30.90565 33.9990 37.45024 41.30134 45.59917 50.39593 55.7497275.83636 19 27.67123 30.53900 33.75999 37.3790 41.44626 46.01846 51.15909 56.93949 63.43968 88.21181 20 29.77808 33.06595 36.78559 40.9955 45.76196 51.16012 57.27500 64.20283 72.05244 102.44358 15% 86957 75614 TABLE 3 Present Value of 1 (11) Periods 4% 59 1 96154 95238 2 92456 90703 3 88900 86384 4 85480 82270 5 82193 .78353 6 .79031 74622 7 .75992 71068 8 .73069 67684 9 70259 64461 10 67556 61391 11 64958 58468 12 .62460 55684 13 60057 53032 14 57748 50507 15 55526 .48102 16 53391 .45811 17 51337 43630 18 49363 41552 19 47464 39573 20 45639 37689 69 94340 .89000 83962 179209 .74726 70496 66506 62741 59190 55839 52679 49697 46884 44230 41727 39365 37136 35034 33051 31180 75 093458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 031657 0.29586 0.27615 0.25842 89 92593 85734 79383 73503 68058 63017 58349 54027 50025 46319 42888 39711 36770 34046 31524 29189 27027 25025 23171 21455 95 91743 84168 77218 70843 64993 59627 54703 50187 46043 42241 38753 35554 32618 29925 27454 25187 23107 21199 19449 17843 10% 90909 82645 75132 68301 62092 56147 51316 46651 42410 38554 35049 31863 28966 26333 23939 21763 19785 17986 16351 14864 114 90090 81162 73119 65873 59345 53464 48166 43393 39092 35218 31728 28584 25751 23199 20900 18829 .16963 .15282 13768 12403 129 89286 .79719 71178 63552 56743 50663 45235 40188 36061 32197 28748 25668 22917 20162 18270 16312 14564 .13004 11611 10367 65752 57175 49718 43233 37594 32690 28426 24719 21494 .18691 16253 14133 12289 10687 09293 .08081 07027 06110 896 TABLE 4 Present Value of an Annuity of 1 (n) Payments 5% 6% 796 96154 95238 94340 0.93458 2 1.88609 1.85941 1.83339 1.80802 3 2.77509 2.72325 2.67301 2.62432 4 3,62990 3.54595 3.46511 3.38721 5 4.45182 4.32948 4.21236 4.10020 6 5.24214 5.07569 4.91732 4.76654 7 6,00205 5.78637 5.58238 5.38929 8 6.73274 6.46321 6.20979 5.97130 9 7.43533 7.10782 6.80169 6.51523 10 8.11090 7.72173 7.36009 7.02358 11 8.76048 8.30641 7.88687 749867 12 9.38507 8.86325 8.38384 7.94269 13 9.98565 9.39357 8.85268 8.35765 14 10.56312 9.89864 9.29498 8.74547 15 11.11839 10.37966 9.71225 9.10791 16 11.65230 10.83777 10.10590 9.44665 17 12.16567 11.27407 10.47726 9.76322 18 12.65930 11.68959 10.82760 10.05909 19 13.13394 12.08532 11.15812 10.33560 20 13.59033 12.46221 11.46992 10 59.401 92593 1.78326 2.57710 3.31213 3.99271 4.62288 5.20637 5.74664 6.24689 6.71008 7.13896 7.53608 7.90378 8.24424 8.55948 8.85137 9.12164 9.37189 9.60360 9.81815 99 10% 91743 90909 1.75911 1.73554 2.53130 2.48685 323972 3.16986 3.88965 3.79079 448592 4.35526 5.03295 4.86842 5.53482 5.33493 5.99525 5.75902 6,41766 6.14457 6.80519 6.49506 7.16073 6.81369 7.48690 7.10336 7.78615 7.36669 8.0669 7.60608 8.31256 7.82371 854363 802155 8.75563 82 0141 8.95012 836092 9.12855 8.51356 119 90090 1.71252 244371 3.10245 3.69590 4.23054 4.71220 5.14612 5.53705 5.88923 6,20652 6.49236 6.74987 6.98187 7.19087 7.37916 754879 7.70162 7.83929 796333 129 1596 59286 86957 1.69005 162571 2.40183 2.28323 3.03735 285498 3.60478 3.35216 4.11141 3.78448 456376 4.16042 4.96764 448732 5.32825 4.77158 5.650225.01877 5.93770 5.23371 6.19437 5.42062 6.42355 5.58315 6.62817 5.72448 6,81086 5.84737 6.97399 5.95424 7.11963 6.04716 7.24967 6.12797 7.36578 6.19823 7.46944 6.25933 (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono years Project Edge years Project Clayton years e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above