Carla Vista Company is considering three long-term capital investment proposat. Each investment has a useful life of 5 years Relevant data on each project are as follows Project Bono $165.000 Capital investment Project Edge $183.000 Project Clayton $212.000 Annual net income Year 1 15,400 19,800 29.700 2 15,400 18,700 25,300 23.100 3 15,400 17,600 4 15.400 13,200 14.300 15.400 13 200 9.900 $79,200 Total 577000 5105.600 Depreciation is computed by the straight-line method with no salvage value. The company cost of capital 15 Assume that can flows occur evenly throughout the year) on 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) Your answer is partially correct Compute the cash payback period for each project, (Round answers to 2 decimal places, es 10.50) Project Bono 341 years Project Edge years Years Project Clayton