Question 15 of 15 - 70.55 View Policies Current Attempt in Progress Ivanhoe 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 Project Clayton $ 188,000 $ 206,000 $ 170,000 Capital investment 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) Click here to view the factor table Compute the cash payback period for each project (Round answers to 2 decimal places, eg. 10.50) Project Bono years Project Edge years Project Clayton years e Textbook and Media