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 company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Click here to view PV table. (a) Your answer is correct. 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 Compute the net present value for each project. (Round anowers to 0 decimal places, e 8 . 125. If the net present value is negotive, isse cither a nesothe sign preceding the number es -45 or parentheser ey (45). For colculation purposes, wse 5 decimal ploces as alisployed in the factor table provided.] eTextbook and Media Attempts: 5 of 6 used Your anower is incorrect. Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation) (Round answers to 2 decimal places, eg. 10.50\%)