Crane 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.

$\backslash$table$[[,$Project Bono,Project Edge,Project Clayton$],[$Capital investment,$$163,000,$$$175,000,$$$204,000$

A$.$Compute the cash back period for each project

$1.$Project Bono

$2.$Project Edge

$3.$Project Clayton