Sandhill Company is considering three long$-$term capital investment proposals. Each investment has a useful life of $5$ years. Relevant

Your answer is correct.

Compute the cash payback period for each project. $($Round answers to $2$ decimal ploces, eg$.10\mathrm{.}50.)$

Project Bono

years

Project Edge

years

Project Clayton

years

Depreciation is computed by the straight$-$line method with no salvage value. The company's cos

$($b$)$

Your answer is correct.

Compute the net present value for each project. $($Round answers to $0$ decimal places, eg$.125.$ If the net present value is negative, use

either a negative sign preceding the number eg $-45$ or parentheses es $(45).$ For calculation purposes, use $5$ decimal places as displayed in

the factor table provided.$)$

Compute the annual rate of return for each project. $($Hint: Use average annual net income in your computation.$)($Round answers to