Sandhill 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 $204,000 Capital investment $160,000 $182,000 Annual net income: Year 1 14,420 18,540 27,810 2 14,420 17,510 23,690 3 14.420 16,480 21.630 4 14,420 12,360 13,390 14.420 9.270 12,360 Total $72,100 $74,160 $98,880 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capitalis 15%. (Assume that cash flows occur evenly throughout the year) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono 3.45 years Project Edge 3.42 years Project Clayton 3.16 years Your answer is correct, Compute the net present value for each project. (Round answers to decimal places, e.g. 125. If the net present value is negative, us either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed ir the factor table provided.) Project Bono Project Edge Project Clayton Net present value $ -4393 -8108 2887 e Textbook and Media 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. 10.50%.) Project Bono Project Edge Project Clayton Annual rate of return 96 96 % e Textbook and Media