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. Capital investment Annual net income: Total Year 1 2 3 4 5 Project Bono $164,000 14,420 14,420 14,420 14,420 14,420 $72,100 Project Edge Project Clayton $180,500 $204,000 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 $98,880

Compute the net present value for each project. (Round answers to 0 decimal places, es 125 . If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) eTextbook and Media 2 decimal ploces, 2 decimal ploces, e.g. 10.50\%) 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. Rank the projects on each of the foregoing bases. Which project do you recommend? 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.) Click here to view the factor table. Compute the cash payback period for each project. (Round answers to 2 decimal places, es. 10.50.) Project Bono years Project Edge years Project Clayton years