(d) answer

Cullumber Company is considering three long-term capital imvestment 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 1536 (Assume that caah 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 decimol places, es. 10.50.) Compute the cash payback period for each project. (Round answers to 2 decimal ploces, e3. 10.50) Project Bono years Compute the net present value for each project. (Round answers to 0 decimal places, es. 125. If the net present value isnegative use either a negative sign preceding the number eg -45 or parentheses eg (45). For calaulotion purposes, use 5 decimal ploces as dlsployed in the factor table provided.) Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation] (Round answers to decimal places, es. 10.50s ) Rank the projects on each of the foregoing bases. Which project do you recommend