hree long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each follows et Bono Project Edge Project Clayton Capital investm $164,800 $180,250 $204,000 Annual net income: Year 1 14,420 18,540 27,810 2 14,420 17,510 23,690 3 14,420 16,480 21,630 4 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.) Click here to view the factor table 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 Net present value $ 164800 $ eTextbook and Media Question Part Score Project Clayton 180250 $ 204000 0/0.75 Project Bono Project Edge Project Clayton Annual rate of return % % % eTextbook and Media Question Part Score x Your answer is incorrect. Rank the projects on each of the foregoing bases. Which project do you recommend? Project Cash Payback Net Present Value Annual Rate of Return Bono Edge Clayton 0/0.75