Question 1 of 1 -/15 View Policies Current Attempt in Progress 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 Bono Project Edge $187.250 Project Clayton $206,000 Capital investment $171,200 Annual net income: Year 1 14,980 19,260 28,890 2 14,980 18,190 24,610 3 14.980 17,120 22.470 4 14,980 12,840 13,910 5 14.980 9,630 12.840 Total $74,900 $77,040 $102,720 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.) Question 1 of 1