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 Project Odyssey Project Duo Capital investment: $159,000 $169,600 $220,000 Annual net income: Year 1 $13,780 $19,080 $28,620 2 13,780 18,020 23,320 13,780 16,960 22,260 4 13,780 12,720 13,780 5 13,780 9,540 12,720 Total $68,900 $76,320 $100,700 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.)(b) Calculate the net present value for each project. (If the answer is negative, use either a negative sign preceding the number e.g. -5,275 or parentheses e.g. (5,275). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) Click here to view PV table. Net present value Project Main $ Project Odyssey $ Project Duo $Calculate the annual rate of return for each project. (Round answers to 2 decimal places, e.g. 15.25%.) Annual rate of return Project Main % Project Odyssey Project Duo % LINK TO TEXT LINK TO TEXT LINK TO TEXT Rank the projects based on each of your answers for parts (a), (b), and (c). Project Cash Payback Net Present Value Annual Rate of Return Main Odyssey Duo Which project do you recommend?