Compute the annual rate of return for each project. (Hint. Use average annual net income in your computation.) (Round answers to 2 decimal places, es. 10.50\%) U3 Company is considering three long-term capital imvestment proposals. Ench investment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the stralght-line method with no salvage value. The company's cost of capital is 15%. Assume that cash fows occur evenly throughout the year] Click there to view the factor table