pany 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 $166,000 $180,000 $208,000 Annual net income: Year 11 14,420 18.540 27,810 2 14.420 17.510 23.690 3 14,420 16,480. 21,630 4 14,420 12,360 13.390 14,420 9,270 12,360 Total $72,100 $74,160 $98,880 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 Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.)