Problem 25-01 a-d (video)compute the net present value for each project

Problem 25-01A a-d (Video) (Part Level Submission) Sheridan 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 $164,800 Project Edge $180,250 Project Clayton $202,000 Capital investment. Annual net income: Year 1 14,420 14,420 14,420 14,420 14,420 $72,100 18,540 17,510 16,480 12,360 9,270 $74,160 27,810 23,690 21,630 13,390 12,360 $98,880 Total Depreciation is computed by the straight-line method with no salvage value. The company's cos. of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Click here to view PV table. (a) Your answer is partially correct. Try again. Compute the cash payback period for each project. (Round answers to 2 decimal places, c.9. 10.50.) 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 Clayton Project Bono 41199 Project Edge I 40975 Net present value 59633 Click if you would like to Show Work for this question: Open Show Work Attempts: 1 of 3 used SUBMIT ANSWER SAVE FOR LATER