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Crane Company is considering three long-term capital imvestment proposals. Each inwestment 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 inwestment 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.) (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eq. 10.50) Project Bono years Project Edge years Project Clayton years eTextbook and Media Assistance Used

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