Sheridan 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 $214,000 Capital investment $172,000 $190,000 Annual net income: Year 1 15,120 19,440 29,160 N 2 15,120 18,360 24,840 3 15,120 17,280 22,680 4 4 15,120 12.960 14,040 un 5 15,120 9,720 12,960 Total $75,600 $77,760 $103.680 Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Your answer is incorrect. Compute the net present value for each project. (Round answers to O decimal places, eg. 125. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Bono Project Edge Projec Net present value $ $ $ e Textbook and Media Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date, Auto-submission can take up to 10 minutes. Attempts: 2 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above