Problem 24-1A Henkel 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 Kilo Project Lima Project Oscar Capital investment $150,000 $165,000 $200,000 Annual net income: 14,000 18,000 27,000 Year 1 14,000 23,000 7,000 21,000 14,000 16,000 13,000 14,000 12,000 9,000 12,000 14,000 Total $70,000 $72,000 $96,000 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 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Kilo years Project Lima years Project Oscar years