last one please

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 Project Edge Project Clayton $206,000 Capital investment $171,200 $187.250 Annual net income: Year 1 14.980 19.260 28,890 2 14.980 18,190 24,610 3 14,980 17.120 22,470 4 14.980 12,840 13,910 5 14.980 9,630 12,840 Total $74,900 $77,040 $102,720 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) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono 3.48 years Project Edge 3.40 years Project Clayton 3.12 years e Textbook and Media Attempts: 1 of 3 used 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 Project Clayton Net present value -6207 -7824 4,950 eTextbook and Media Solution Attempts: 3 of 3 used (c) * Your answer is incorrect. 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... 10.50%) Project Bono Project Edge Project Clayton Annual rate of return 13.45 96 13.16 96 16.06% e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer (d) The parts of this question must be completed in order. This part will be available when you complete the part above