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 $165,000 Project Odyssey $176,000 Project Duo $202,000 Capital investment: Annual net income: Year 1 2 3 $14,300 14,300 14,300 14,300 14,300 $71,500 $19,800 18,700 17,600 13,200 9,900 $79,200 $29,700 24,200 23,100 14,300 13,200 $104,500 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.) 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