Sheridan Company is considering three long-term capital investinent proposals. Fach investment has a useful life of 5 yeark, Relevant data on each project are as followk. Depreciation is computed by the straight-line method with no salvage value. The compuny's cost of capital is 15% (Assume that cash flows occur tvenly throughout the year? Click here to view the factor table. Compute the cash payback period for each project. (Round answers to 2 decimal ploces, es 10.50 ) Project Bono years Project Edge years Project Clayton years Compute the net present value for each project. (Round answers to 0 decimal places eg. 125. If the net present value ai negative, use elther a negative sign preceding the number eg 45 ar parenthesel eg (45) For calculation purpotes, use 5 decimal ploces al dispioynd in the foctor table provided) 2 Your answot is incorrect Compute the annual rate of return for each project. (Hint, Use average annual net incame in your computation) (Round anowers ha 2 decimal places es. 10.50k )