Send to Gradebook Question 7 U3 Company is considering three lone term capital investment proposals Each investment has a usefull lfe of 5 years Relevant data on each project are as follows Bono Project Edge Project Clayton $212000 Capital investment $176,000 $192,500 Annual net income Year 1 19,800 154001760 15.400 29,700 25.300 23.100 14.300 .90005 600 13200 Tota Depreciation is corphed bythe straightesmethod with nosalvage valu. throughout the year) The company's cost of capital is 15% (Assume that cash flows ocir evaiy Cliok hereto view PVtable Compute the cash payback period for each project (Round onswers to 2 decimal ploces. es 1050) Project Bono Projce Edgs years ere to search