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 $176,750 $204,000 Capital investment $161,600 Annual net income: Year 1 14,140 18,180 27,270 17,170 14,140 23,230 14,140 16,160 21,210 14,140 12,120 13,130 14,140 9,090 12,120 $70,700 $72,720 $96,960 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 y Click here to view PV table Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton Compute the net present value for each project. (Round answers to 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 LINK TO TEXT LINK TO TEXT LINK TO TENT VIDEO SIMILAR PROBLEM 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 $176,750 $204,000 Capital investment $161,600 Annual net income: Year 1 14,140 18,180 27,270 17,170 14,140 23,230 14,140 16,160 21,210 14,140 12,120 13,130 14,140 9,090 12,120 $70,700 $72,720 $96,960 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 y Click here to view PV table Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton Compute the net present value for each project. (Round answers to 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 LINK TO TEXT LINK TO TEXT LINK TO TENT VIDEO SIMILAR