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please give full picture of the answer Question 3 of 3 -/16 E a Wildhorse Company is considering three long-term capital investment proposals. Each investment

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Question 3 of 3 -/16 E a Wildhorse 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 $171.200 $187.250 $202,000 Annual net income: Year 1 14.980 19.260 28,890 2 14.980 18,190 24.610 3 14.980 17.120 22.470 4 14.980 12,840 13.910 5 14,980 9.630 12.840 Total $74.900 $77.040 $102.720 V Depreciation is computed by the straight line method with no salvage value. The company's cost of capital is 15%. (Assume that cash + HW 10 Question 3 of (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 e Textbook and Media

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