Problem 16-1 Bramble Company is considering the long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project was follow Project Bono Project Edge Capital investment Project Clayton $171,200 Annual net income: $187.250 $208,000 Year 1 14.980 19.260 28,890 14,980 18,190 24,610 14,980 17.120 22.470 14,980 12,840 13,910 14,900 9.6.30 12.840 Total $74,900 $72,040 $102,220 Depreciation is computed by the straight-line method with no savage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year) Click here to view Py_table Compute the cash payback period for each project. (Hound answers to decimal places 1.5.) Project Bono 3.4 years Project Edge Project Clayton Compute the net present value for each project. (Round answers to decimal places, e.g. 125. If the nel present value is negative, use either a negative s calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Project Clayton pending the Net present value Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places. Project Bono Project Edge Project Clayton 10. ) Annual rate of return LINK TO TEXT Rank the projects on each of the foregoing bases. Which project do you recommend? Cash Payback Net Annual Present Value Rate of Return Project Bono Edge Annual rate of return LUNO LINK TO TEXT Rark the projects on each of the foregoing bases. Which project do you recommend? Project Bono Cash Payback Net Present Value Annual Rate of Return Edge Clayton The best project is Click if you would like to show Work for this questions on Show LINK TO TEXT LINK TO TEXT LINK TO TEXT 2000-2019 wir In A Reserved. A n of Sons Inc o search