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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

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 Project Lima Project Oscar Capital investment $156,550 $166,650 $202,800 Annual net income: Year 1 13,130 17,675 27,775 2 13,130 16,665 22,725 3 13,130 15,655 21,715 4 13,130 11,615 13,635 5 13,130 8,585 12,625 Total $65,650 $70,195 $98,475 Depreciation is computed by the straight-line method with no salvage value. The companys cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) (Refer the below table)Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Kilo years Project Lima years Project Oscar years

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