Project Bono Capital investment Annual net income: Year 1 wwwww Project Edge Project Clayton $164,800 $180,250 $204,000 14,420 18,540 27,810 14,420 17,510 23,690 34 14,420 16,480 21,630 14,420 12.360 13,390 5 14,420 9.270 12.360 Total $72.100 $74,160 $98,880 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assu flows occur evenly throughout the year.) Click here to view the factor table. (a) Your Answer Correct Answer > Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono 3.50 years Project Edge 3.40 years Project Clayton 3.15 years Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono 3.50 years Project Edge 3.40 years Project Clayton 3.15 years (b) eTextbook and Media Solution Attempts: 3 of 3 used Compute the net present value for each project. (Round answers to O decimal places, eg. 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 $ $ $ Teythank and Medis