Question 1 of 1 75 03 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 $171.200 Project Edge $187.250 Project Clayton $202.000 Capital Investment Annual net income: Year 1 2 3 14,980 14.980 14.980 14,980 14.980 $74,900 19.260 18.190 17,120 12,840 9,630 $77.040 28,890 24.610 22.470 13910 12.840 $102.720 4 5 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capitai is 15%. Assume that cash flows occur evenly throughout the year) Click here to view PV table Compute the cash payback period for each project. (Round answers to 2 decimal places, e. 10.50) Project Bono years Project Edge years Project Clayton years MacBook Air eTextbook and Media Rank the projects on each of the foregoing bases. Which project do you recommend? Net Present Value Annual Rate of Return Project Cash Payback Bono Edge . Clayton The best project is eTextbook and Media Attempts: 0 of 3 used Submit Anwe save for Later MacBook Air