I need help on this accounting problem. Please see attached. Thank you

5/20/2016 WileyPLUS Problem 261A U3 Company is considering three longterm capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Bono Capital investment Annual net income: Project Edge $164,800 Project Clayton $180,250 $204,000 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 straightline 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 PV table. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge years Project Clayton years LINK TO TEXT LINK TO TEXT LINK TO TEXT Compute the net present value for each project. (Round answers to 0 decimal places, e.g. 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 $ Net present value LINK TO TEXT Project Edge LINK TO TEXT Project Clayton $ $ LINK TO TEXT Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, e.g. 10.50.) Project Bono http://edugen.wileyplus.com/edugen/lti/main.uni Project Edge Project Clayton 1/2 5/20/2016 WileyPLUS Annual rate of return % LINK TO TEXT LINK TO TEXT % % LINK TO TEXT 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 The best project is LINK TO TEXT LINK TO TEXT http://edugen.wileyplus.com/edugen/lti/main.uni . LINK TO TEXT 2/2