Current Attempt in Progress Sheridan 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. Project Bono Project Edge Project Clayton Capital investment $172,000 $190,000 $214,000 Annual net income: Year 1 15,120 19.440 29,160 2 15,120 18.360 24,840 3 15,120 17,280 22,680 15,120 12.960 14,040 5 15,120 9.720 12,960 Total $75,600 $77,760 $103,680 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) Compute the cash payback period for each project: (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge years years Project Clayton eTextbook and Media Save for Later Question Part Score years Attempts: 0 of 3 used