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. Depreciation is computed by the straight-ine method with no salvage value. The company's cost of capital is 15\%. (Assume that cash flows occur evenly throughout the year.] (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50) Project Bono years. Project Edge years Project Clayton years Future Value of 1 TABLE 2 Future Value of an Annuity of 1 TABLE 3 Present Value of 1 \begin{tabular}{rrrrrrrrrrr} \hline 6 & .79031 & .74622 & .70496 & .66634 & .63017 & .59627 & .56447 & .53464 & .50663 & .43233 \\ \hline 7 & .75992 & .71068 & .66506 & .62275 & .58349 & .54703 & .51316 & .48166 & .45235 & .37594 \\ \hline 8 & .73069 & .67684 & .62741 & .58201 & .54027 & .50187 & 46651 & .43393 & .40388 & .32690 \\ \hline 9 & .70259 & .64461 & .59190 & .54393 & .50025 & .46043 & .42410 & .39092 & 36061 & .28426 \\ \hline 10 & .67556 & .61391 & .55839 & .50835 & .46319 & .42241 & .38554 & .35218 & .32197 & .24719 \\ \hline \end{tabular} vatuan of an A wnodtanf 1