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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 Claytorn $218,000 Capital investment $174400 $190,750 Annual net income: 15,260 15,260 15,260 15,260 15,260 $76,300 19,620 18,530 17,440 13,080 9,810 $78,480 29,430 25,070 22,890 14,170 13,080 $104,640 Year 1 4 Total 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 PV table. Compute the cash payback period for each project (Round answers to 2 decimal places, eg. 10.50.) Project Bono Project Edge Project Clayton years years