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 Project Edge Project Clayton Capital investment $168,000 $183,750 $202,000 Annual net income Year 1 14,700 18,900 28,350 14,700 17,850 24,150 14,700 16,800 22,050 14,700 12,600 13,650 14,700 9.450 12,600 $73,500 $75,600 $100,800 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) Click here to view PV table Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.30.) Project Bono Project Edge Project Clayton Compute the net present value for each project. (Round answers to decimal places, e.. 125. If the net present value is negative, use either a negative sig preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Edge Project Clayton Project Bono Net present values LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO APPLIED SKILLS VIDEO SIMILAR PROBLEM Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Hound answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton Annual rate of return LINE TO TEXT INTO TEXT VIDEO APPLIED SKILLS VIDEO SIMILAR PROBLEM Rank the projects on each of the foregoing bases. Which project do you recommend? Net Annual Present Value Rate of Return by Study Cash Payback Project Bono Edge Clayton The best project is Click if you would like to Show Work for this question: Open Show Work