Problem 24-1A 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 $176,000 Project Edge $192,500 Project Clayton S212,000 Capital investment Annual net income: Year 1 15,400 15,400 5,400 15,400 15,400 $77,000 19,800 18,700 17,600 13,200 9,900 S79,200 29.700 25,300 23,100 14,300 13,200 S105,600 Total 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. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton 1.52 years years years Compute the net present value for each project. (Round answers to O 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 s