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 Edge $183,750 Project Clayton $202,000 Project Bono Capital investment Annual net income: Year 1 $168,000 14,700 14,700 14,700 14,700 14,700 $73,500 18,900 17,850 16,800 12,600 9,450 $75,600 28,350 24,150 22,050 13,650 12,600 $100,800 2 4 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.) lick 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 years years years Project Edge Project Clayton LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute the net present value for each project. (Round answers to 0 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