ent Problem 24-1A U3 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 $164,800 Project Edge $180,250 Project Clayton $202,000 Capital in Annual net income: 14,420 14,420 4,420 14,420 14,420 $72,100 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 $98,880 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. the year.) Assume that cash flows occur evenly throughout