Flint 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 $176,000 Project Edge $192,500 Project Clayton $212,000 Capital investment Annual net income: Year 1 15,400 15,400 15,400 15,400 15,400 $77,000 19,800 18,700 17,600 13,200 9,900 $79,200 29,700 25,300 23,100 14,300 13,200 $105,600 2 3 4 Total 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 Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono Project Edge Project Clayton years years years eTextbook and Media Compute the net present value for each project. (Round answers to O decimal places, eg. 125. If the net present value is negative, use either a negative sign preceding the number eg. -45 or parentheses eg. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton $ Net present value eTextbook and Media 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.) Project Edge Project Bono Project Clayton Annual rate of return eTextbook and Media Rank the projects on each of the foregoing bases. Which project do you recommend? Net Present Value Annual Rate of Return Project Bono Edge Clayton Cash Payback The best project is eTextbook and Media