Show Attempt History Current Attempt in Progress U3 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 $172,800 Project Edge Project Clayton $189,000 $214,000 Capital investment Annual net income: Year 1 2 3 15,120 15,120 15,120 15,120 15,120 $75,600 19,440 18,360 17,280 12,960 9.720 $77,760 29,160 24,840 22.680 14,040 12,960 $103.680 4 5 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that Type here to search Click here to view the factor table. Your answer is correct. Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono 3.48 years Project Edge 3.40 years Project Clayton 3.16 years e Textbook and Media Your answer is correct. Compute the net present value for each project. (Round answers to decimal places, eg. 125. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses es (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided) Project Clayton Project Bono Project Edge 2995 -6265 -7897 $ Net present value e Textbook and Media Your answer is correct. Question 3 of 3 Your answer is partially correct. Rank the projects on each of the foregoing bases. Which project do you recommend? Net Present Value Annual Rate of Return Project Cash Payback 2 Bono 3 2 Edge 2 1 3 Clayton 1 The best project is Edge e Textbook and Media Type here to search O