Chapter 25 homework Question 7 of 7 0.25/3 1 STAM U3 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 $168,000 $183.750 $202.000 Annual net income: Year 1 14,700 18.900 28,350 2 14,700 17,854 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 $100,000 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) MacBook Pro A 12.06 4-20-2 Question 7 of 7 4-19-22 0.25/3 E 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) Your answer is partially correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg 10.50) 16.57 AM Project Bono 347 years Project Edge Project Clayton 40 years years 25 dtv MacBook Pro AO