RE 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 Clayton Project Bono $172,800 Project Edge $189,000 Capital investment $206,000 Annual net income: Year 1 19,440 15,120 15,120 29,160 24,840 2 18,360 3 17,280 22,680 4 15,120 15,120 15,120 12,960 14,040 5 12,960 9,720 $77,760 Total $75,600 $103,680 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 Click here to view.PV table. (a) Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, e.. 10.50.) Project Bono 3.48 years (b) Your answer is incorrect. Try again Compute the net present value for each project. (Hound answers to decimal place, g. 125. If the net present value is negative either a negative in preceding the numbers parentheses (45). For calculation purposes, use 5 decimal places as displayed in the factor the provided) Project Bono Project Edge Project Clayton Net present Value 16.46 Click if you would like to show Work for this question Show. Work Attempts 4 of 15 OLAR RETA The art of the queston must be come order. This will be available with it