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Sunland 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

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Sunland 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. 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.) 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.) Click hereto view PV table (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, e. . 10.50.) \begin{tabular}{l|l} Project Bono & years \\ Project Edge & years \\ Project Clayton & years \end{tabular}

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