Homework Chapter 27 Question 1 of 2 View Policies Show Attempt History < > 12.5/50 I Current Attempt in Progress Sunland 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 Project Edge Project Clayton Capital investment $166,000 $178,000 $204,000 Annual net income: Year 1 14.420 18.540 27,810 2 14.420 17.510 23.690 3 14.420 16480 21,630 A 14,420 12.360 13.390 5 14,420 9.270 12.360 Total $72,100 $74,160 $98.880 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