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Oriole 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

Oriole 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 $169,600 $185,500 $214,000
Annual net income:
Year 1 14,840 19,080 28,620
2 14,840 18,020 24,380
3 14,840 16,960 22,260
4 14,840 12,720 13,780
5 14,840 9,540 12,720
Total $74,200 $76,320 $101,760

Depreciation is computed by the straight-line method with no salvage value. The companys cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.)

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 Project Edge Project Clayton
Net present value $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places

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