U3 Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Project Bono $171,200 Project Edge Project Clayton $187.250 $206,000 Capital investment Annual net income: Year 1 14.980 14.980 14.980 14.980 14.980 $74.900 19.260 18,190 17.120 12,840 9,630 $77,040 28,890 24,610 22.470 13,910 12,840 $102.720 4 5 Total Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Click here to view the factor table. (a) Compute the cash payback period for each project. (Round answers to 2 decimal places, eg. 10.50.) Project Bono years Project Edge years Project Clayton years