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 4 5 Total $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 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) Your answer has been saved. See score details after the due date. Calculate the cash payback period for each project. (Round answers to 2 decimal places, es. 15.25) Payback period Project Main 3.49 years 3.7 Project Odyssey years 3.86 years Project Duo Calculate the net present value for each project. (If the answer is negative, use either a negative sign preceding the number eg. -5,275 or parentheses eg. (5,275). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answers to decimal places, e.g. 5,275.) Click here to view PV table. Net present value Project Main $ Project Odyssey $ Project Duo $