The Three Stages partnership is considering three long-term capital investment proposals. Each investment has a useful life of five years. Relevant data on each project are as follows: Project Main $160,500 Project Odyssey $171,200 Project Duo $206,000 Capital investment: Annual net income: Year 1 2 3 $13,910 13,910 13,910 13,910 13,910 $69.550 $19,260 18,190 17.120 12,840 9.630 $77,040 $28,890 23,540 22,470 13,910 12,840 $101,650 4 5 Total Depreciation is calculated by the straight-line method and there is no salvage value. The company's cost of capital is 15%. (Use average net annual cash flows in your calculations.) (a) Calculate the cash payback period for each project. (Round answers to 2 decimal places, es, 15.25.) Payback period Project Main years Project Odyssey years Project Duo years