I looked at previous answers to this problem, but none of them are correct. Can someone please provide the correct NPV for Edge & Clayton investments.

Thank you!

U3 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 168,000 Project Edge Project Clayton $202,000 Capital investment Annual net income: Year 1 $183,750 14,700 14,700 14,700 14,700 14,700 $73,500 18,900 17,850 16,800 12,600 9.450 $75,600 28,350 24,150 22,050 13,650 12.600 $100,800 Total Depreclation 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.) A. Compute the cash payback period for each project. (Round answers to 2 decimal places) Project Bono years 3 48 Project Edge 340years Project Clayton 3 12 years B. Compute the net present value for each project. Project Bono Project Edge Project Clayton Net present va ue 6091