Compute the cash payback period for each project.(Round Nswers to 2 decimal places.)

Project Bono ____ years

Project Edge ____ years

Project Clayton ____ years

Question 6 U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant dete on each project are as follows. Project Bono $161,600 Project Edge $176,750 Project Clayton $204,000 Capital investment Annual net income: Year 1 18,180 17,170 16,160 12,120 9,090 $72,720 27,270 23,230 21,210 13,130 12,120 96,960 14,140 14,140 14,140 14,140 14,140 $70,700 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital IS 15% the year.) Assume that cash flowe secur evenly throughout