Need help with b)

Blossom 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 Edge Project Bono $170,000 Project Clayton $202.000 Capital investment $185.000 Annual net income: Year 1 14,700 18,900 28,350 2 14.700 17,850 24 150 3 14.700 16,800 22.050 4 14,700 12.600 13,650 5 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'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. e.3. 10.50. Project Bono 149 years Project Edge 1141 years Project Clayton 212 years eTextbook and Media Attempts: 1 of 2 used (b) Compute the net present value for each project. (Round answers to o decimal places, s. 125. If the net present value is negative, use either a negative sin preceding the number eg 45 or parentheses es (45). For calculation purposes, use 5. decimal places as displayed in the factor table provided) Project Bono Project Edge Project Clayton Net present value $ $ e Textbook and Media