Problem 24-1A (part level submission) 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	$164,300	$174,900	$202,800
Annual net income:
Year	1	13,780		18,550	29,150
	2	13,780		17,490	23,850
3	13,780		16,430	22,790
4	13,780		12,190	14,310
5	13,780		9,010	13,250
Total	$68,900		$73,670	$103,350

Depreciation is computed by the straight-line method with no salvage value. The companys 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.)

(a)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