Ivanhoe 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 $160,000 $190,000 $206,000 Annual net income: Year 1 15,120 19,440 29.160 2 15,120 18,360 24,840 3 15.120 17.280 22.680 15,120 12.960 14,040 5 15.120 9.720 12.960 Total $75,600 $77.760 $103.680 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 (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, es, 10.50) Project Bono years Project Edge years