Question 9 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 Project Clayton Capital investment $168,000 $183,750 $210,000 Annual net income 28,350 Year 1 14,700 18,900 14,700 17r 850 24,150 14,700 16,800 22,050 14,700 12,600 13,650 9,450 12,600 14,700 Total $73,500 $75,600 $100,800 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 PV table. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.g. 10.50.) Project Bono years Project Edge years Project Clayton years