please fix red highlighted

CALCULATOR PRENTEVE ESOURCES anment- CA LA Problem 25-01A 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 Clayton Capital investment $164,800 $180,250 $204,000 Annual net income: Year 1 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 5 14,420 9,270 12,360 Total $72,100 $74,160 $98,880 by Study 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 Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono 3.48 years Project Edge 3.40l years Project Clayton 3.16 years SHOW SOLUTION SHOW ANSWER UNK TO TEXT LINK TO VIDEO Your answer is correct. CALCULATOR PRINTER VE Your answer is correct. Compute the net present value for each project. (Round answers to o decimal places, e.g. 125. If the net present value is negative, use either a negative sign pre -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton Net present value -5975 -7531 2887 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO x Your answer is incorrect. Try again. Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, e.g. 10.50%.) Project Bono Project Edge Project Clayton Annual rate of return 8.75 8.23 9.69 LINK TO TEXT LINK TO VIDEO Your answer is correct. Rank the projects on each of the foregoing bases. Which project do you recommend? Project Cash Payback Net Present Value Annual Rate of Return Bono 3. 2 2. Edge 2 3 Clayton 1 1 1