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-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year) Click bere to view PV table. Compute the net present value for each project. (Round answers to O decimal ploces, eg. 125. If the net present value is negative, use either a negative sign preceding the number e8 - 45 or parentheses e8 (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal ploces, es. 10.50% ) Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, eg. 10.50% J (d) Rank the projects on each of the foregoing bases. Which project do you recommend