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) 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, e.g. 15.25.) Payback period Project Main 3.49 years Project Odyssey 3.30 years Project Duo 3.14 years Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. 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 0 decimal places, e.g. 5,275.) Click here to view PV table. Net present value Project Main $ 6677 Project Odyssey $ 2700 Project Duo $ 4240 Attempts: 1 of 1 used (c) 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 %