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 Duo Project Main $171,000 Project Odyssey $182,400 $220,000 Capital investment: Annual net income: Year 1 2 3 $14,820 14,820 14,820 14,820 14,820 $74,100 $20,520 19,380 18,240 13,680 10,260 $82,080 $30,780 25,080 23,940 14,820 13,680 $108,300 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, e.g. 15.25.) Payback period Project Main years Project Odyssey years Project Duo years