MANAGERIAL ACCOUNTING (ACCT 1 Gradebook ORION ent CALOALATOR PRINIER VERSION Problem 12-1A U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of s years. Relevant data on each project are as follows. Project Bono Project Edge Project Clayton Capital investment $168,000 $183,750 $202,000 Annual net income Year 1 14,700 18,900 28,350 14,700 17,850 24,150 14,700 16,800 22,050 14,700 12,600 13,650 14,700 9,450 12,600 Total $73,500 $75,600 $100,800 Depreciation is computed by the straight-line method with no salvage value. The company scost of capital is 15%. (Assume that cash nows coureventy throughout the year.) Compute the cash payback period for each project. (Round answers to 2 decimal places, e-g, 10.50.) Project Bono Project Edge