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Crane Company is considering three long-term capital imvestment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as

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Crane Company is considering three long-term capital imvestment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. 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) Clickhere to view PV table. Compute the annuat rate of return for each project. (Hint: Use average annual net income in your computation)) (Round answers to 2 decimal places, e.8. 10.50%

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