Problem 26-1A (Part Level Submission) 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 Project Bono $161,600 Project Clayton $204,000 Capital investment Annual net income: Year 1 $176,750 14,140 14,140 14,140 14,140 14,140 $70,700 18,180 17,170 16,160 12,120 9,090 $72,720 27,270 23,230 21,210 13,130 12,120 $96,960 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.) (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono Project Edge Project Clayton years years years LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO:APPLIED SKILLS Attempts: 0 of 3 used