Question 15 of 15 View Policies Show Attempt History Current Attempt in Progress Capital investment Annual net income: Sheridan 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. Total Year 1 2 3

Sheridan Company is corsidering three long-term capital investment proposak. Each imvestment has a useful life of 5 years. Relevant data oneach project areas follows Depreciation is computed by the wtraghteline method withno salvage value. the company's cost of capital is 15\&. (Assume that cash flows occur evenly throughout the year. Compute the cast paybock period for esch project. (Round anoners to 2 decimal places es. 10.50) Projoct Bono vears Project Edge yeurs Project Clayton years ETextbook and Miedia Attempts: 1 of 4 use (b) Your ahimer incorrect. Compute the net perient value for each propect (pound onwers to 0 declimal ploces, ey. 125. If the net preient value is nesative, wse. either a nezative sing precediga the rumber os 45 or parenthenes ea (45), For culculation pupoirh, ine 5 decimal plocei as disployed in the foctor tuble provided] Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, eg. 10.50x) Sheridan Company is corsidering three long-term capital investment proposak. Each imvestment has a useful life of 5 years. Relevant data oneach project areas follows Depreciation is computed by the wtraghteline method withno salvage value. the company's cost of capital is 15\&. (Assume that cash flows occur evenly throughout the year. Compute the cast paybock period for esch project. (Round anoners to 2 decimal places es. 10.50) Projoct Bono vears Project Edge yeurs Project Clayton years ETextbook and Miedia Attempts: 1 of 4 use (b) Your ahimer incorrect. Compute the net perient value for each propect (pound onwers to 0 declimal ploces, ey. 125. If the net preient value is nesative, wse. either a nezative sing precediga the rumber os 45 or parenthenes ea (45), For culculation pupoirh, ine 5 decimal plocei as disployed in the foctor tuble provided] Compute the annual rate of return for each project. (Hint: Use average annual net income in your computation.) (Round answers to 2 decimal places, eg. 10.50x)