Pharoah 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 $162,000 $175,000 $204,000 Annual net income: Year 1 14,280 18,360 27,540 2 14,280 17,340 23,460 3 14,280 16,320 21,420 A 14,280 12.240 13,260 5 14,280 9.180 12.240 Total $71.400 $73,440 $97,920 Activate Wi Go to Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge I years Project Clayton years