Henkel 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.

Problem 24-1A (part level submission) Henkel 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 Kilo $168,950 Project Lima $179,850 Project Oscar $210,600 Capital investment Annual net income: Year 1 2 3 4 14,170 14,170 14,170 14,170 14,170 $70,850 19,075 17,985 16,895 12,535 9,265 $75,755 29,975 24,525 23,435 14,715 13,625 $106,275 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.) k her iew the fa (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Kilo Project Lima Project Oscar 3.52 vears 3.37 lyears 3.11 vears