Current Attempt in Progress

Ivanhoe 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.$)$

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$($a$)$

Your answer is partially correct.

Compute the cash payback period for each project. $($Round answers to $2$ decimal places, e$.$g$.10\mathrm{.}50.)$

Project Bono

years

Project Edge

years

Project Clayton

years