Problem 26-5A (Part Level Submission) U3 Company is considering three long-term capital investment proposals. Each investment has a useful life f 5 years. Relevant data on each project are as follows. Project Bono Project Edge Project Clayton Capital investment $171,200 $187,250 $208,000 Annual net income: Year 1 14,980 19,260 28,890 14,980 18,190 24,610 14,980 3 17,120 22,470 14,980 4 12,840 13,910 9,630 12,840 14,980 $74,900 $77,040 $102,720 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 years Project Edge years Project Clayton years