Cullumber 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: Year 1 2 3 4 5 Total Project Bono $162,000 Click here to view PV table. 14,700 14,700 14,700 14,700 14,700 $73,500 Project Edge $180,000 18,900 17,850 16,800 12,600 9.450 $75,600 Project Clayton $202,000 28,350 24,150 22,050 13,650 12,600 $100,800 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.)

Cullumber 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. Depreciation is computed by the straight-line method with no salvage value. The comparn's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Clickhere to view PV table: Question 7 of 12 13 (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono Project Edge Project Clayton years years years eTextbook and Media Attempts: 0 of 6 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above