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 $160,000 Project Edge Project Clayton $182,000 $204,000 Capital investment Annual net income Year 1 14,420 18,540 27,810 2 14420 17,510 23.690 3 14,420 16,480 21,630 4 14,420 12,360 13,390 5 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 capital is 15%. (Assume that cash flows or polythrochout the Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono years Project Edge years Project Clayton years