*Problem 12-1A 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 $163,200 $178,500 $202,000 Capital investment Annual net income: 27,540 Year 1 14,280 18,360 14,280 17,340 23,460 14,280 16,320 21,420 14,280 12,240 13,260 12,240 14,280 9,180 $97,920 $71,400 $73,440 Tota 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 PV table Z Your answer is partially correct. Try again. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono 48 years Project Edge 40 years Project Clayton 13.12 years X Your answer is incorrect Try again. Compute the net present value for each project. (Round answers to 0 decimal places, e.g. 125. If the net present value is negative, use either a negative sign preceding the number eg -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 ET6206,93 7823.91 Z Your answer is partially correct. 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)